As long as the market indexes continue to trade above the T-line, the probabilities indicate the uptrend is still in progress. Look for the Dow to test the 50-day moving average. The NASDAQ is trading well above the potential resistance levels of the 50 day and the 200-day moving average as well as the T-line. The T-line being the primary factor, the bulls are still in control. We recommended staying with the biotech’s and computer-related stocks. Other sectors that are working well are the food and beverage, FIZZ, KHC, THS, all have good charts. The telecommunication area is picking up strength, GTT, ALLT, CALX. Specialty retail TSCO, W. The mining stocks, gold and silver, still are acting strong. The strength of specific sectors are providing some very strong option trades. Join us on May 2 for a full day training on applying the appropriate option strategies with the appropriate candlestick bullish patterns. The simplicity of identifying the strongest candlestick signals and patterns also incorporates simple option strategies. You do not have to be a sophisticated trader. We keep it very simple so that you do not have to be spending more than 20 minutes each evening identifying the best trades and setting up the best option trades. Come join us, you will get way more than your money’s worth. Click here for more info.
