TRADING DP

[TREND1]

11/16/16 Conclusion:
As a market analyst, it is important to be adept at moving postures as needed and not getting caught up in the noise or a "perma" stance.

Short-term indicators are bearish but consolidation can clear those conditions.

Intermediate-term indicators are looking bullish. It is strange being in an IT bullish stance having been in a bearish one for some time, but it isn't useful to you or I to marginalize bullish indicators when they appear as we are seeing with Market/Sector Summary bullish signals, or rising IT indicators, or breakouts to record highs on other indexes or sectors.

When the market is close to or making new highs, caution is warranted as we really have no resistance lines to see or upside targets to calculate.

However, stops along support are clear and can protect against a corrective move.