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This positive uptrend was most likely helped by the unwinding of hedges against out-of-the-money put positions on the broad market exchange-traded funds (ETF) such as the S&P Depositary Receipts.
Despite the recent sell-off, the index is still above this key uptrend line, which is a positive sign.
The monthly Dow chart shows that the index has been able to remain above its long-term uptrend line that started in March 2009, which is a positive sign for now.
The higher lows and higher highs are a clear indication of a new uptrend, which is another positive sign for the economy.
"On the other hand, we're going to get a bit of an uptrend from Asia".
As contrarian investors know, rising negativity on a stock in an uptrend has bullish implications".
For a stock in an uptrend, you would expect to see more optimism in the form of a lower ratio.
It is usually an interruption of an ongoing uptrend or downtrend, as opposed to a reversal type of pattern.
Everybody knows about bull-market geniuses -- stock pickers who do well only in a market uptrend.
"Clearly we have a steep uptrend," said Mr. Aguilar, the S.E.C. commissioner.
"Japan's economic growth should continue in a gradual uptrend, supported by construction demand," Mr. Furukawa said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com