The market continues its uptrend with the indexes trading above the T line. The Dow appears like it will be forming a J-hook pattern, which implies the next leg up should take the indexes well past the recent highs. There are numerous uptrending positions that are maintaining by the fact that they remain above the T line, indicating strong uptrends. The Internet information providers are showing good charts, ZM,ZIPS, MDLA, TZOO, JD, The retail sector has a number of good bullish chart patterns, DDS,BGFV, CHWY, DLTH. And the utility sector are showing good J-hook pattern set ups. AEP, ORA. As long as the market indexes continue to trade above the T line, there are a good number of candlestick pattern breakouts that are producing excessive profitability. Stay predominately long in this market but always have your safety stops in place.
