The markets moved excessively positive on Friday due to the prospects of cures for the virus. Additionally, rumblings of reducing the lock-down. The most important aspects of the market trend is visually witnessing the Dow using the T-line as a support and continuing to trade above the T-line. The NASDAQ has already come up through the potential resistance levels of the 50 and 200-day moving average. Not only is the NASDAQ trading above the T-line, it is trading above the 3 T- line, clearly indicating the bullish sentiment is in control. The medical-related sector still remains strong. Oil-related stocks have started to pick up strength in spite of the crude oil prices remaining near the $20 level. A majority of stocks moved up strong on Friday, creating a lot of kicker reversal signals. The strongest sectors appear to be retail stocks and biotechs. There are numerous J-Hook pattern and bobble breakout patterns in progress. The most important factor of this uptrend is that it is continuing to trade above the T-line. Join us this week in our Thursday night training on how to use the best option strategies with the correlated candlestick chart patterns.
