The previous post took a hold back at how I assess marketplace context every bit an initial stride inwards framing, executing, together with managing trades. Let's accept a hold back at how the context ideas utilise to this morning's stock market:
* First, nosotros become to the longer-term marketplace indicators, which are highlighted inwards this post. Notice that we're seeing to a greater extent than S&P 500 sectors inwards uptrends than downtrends; that novel 65-day highs are expanding together with outnumbering novel 65-day lows; that Demand is expanding together with exceeding Supply; together with that nosotros hit got broken to bull marketplace highs inwards the advance/decline business specific to the mutual stocks listed on the NYSE. All those indicators house us inwards a short-term uptrend.
* Second, nosotros accept a hold back at the indicator tweet this morning time Avoiding Getting Chopped Up inwards Range Markets
Trends Not Always Your Friends
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