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Daily Market Comments - April 2018

04/17/18 - Stock Market Comments

Does a gap up in a stock like NFLX warrant a rally in the whole market? Definitely not, but think of the environment of investor sentiment. Even as an investor that may not be investing in Netflix, seeing that everything is working great in that stock, a stock that is in the investment limelight, and that it is showing good bullish news as well has strong price movement, does that influence confidence or doubt in what all other stocks might be doing?

04/16/18 - Stock Market Comments

Today's positive trading does not take the markets out of a indecisive nature, the major indexes continuing to trade below the 50 day moving average but above the T-line. The most compelling chart has formed in the transportation index, a bullish Doji sandwich breakout through the 50 day moving average. This adds confirmation to the analysis of the markets are in a slow upward basing mode but not yet with any dramatic bullish force coming back into the market.

04/13/18 - Stock Market Comments

The waffling nature of the market still persist but with one consistency, the indexes continue to now to trade above the T-line. The force of the market is not necessarily anything rampant, as seen in the Dow today where it hit the 50 day moving average and has backed off. The other indexes have the same potential resistance levels to contend with. Continue to hold both long and short positions with a bias toward the long side.

04/12/18 - Stock Market Comments

Although the markets have not shown any decisive trading over the past few trading days, one underlying factor can be observed. The markets are currently trading above the T-line.

04/02/18 - Stock Market Comments

The resistance of the T-line in Thursdays trading showed the indexes still had some doubt as to a bullish reversal. Today's lower trading illustrates the lack of bullish confirmation, putting the markets prospects back into a sideways moving wedge formation. The T-line remains an important indicator.

 

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