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November is off to a banging start. Recall that Mutual Funds, with some $1.8 trn in assets under management, were sellers into their fiscal year end, October 31st. Their new fiscal year started yesterday, November 1st. However, we already had signs that some kind of low the market could work
The major averages all began today’s cash session with mixed price action, oscillating around yesterday’s closing levels. However, it was clear early on that mega-caps that carried the market yesterday, were out of favor, while Value and Small Cap stocks rotated in. The afternoon saw a move higher and left
After 5 consecutive days of losses for the benchmark index, the S&P-500 posted a modest gain today to close just above its 200-day sma after having found price support yesterday at the $4200 area. Helping the averages were a slate of mostly better-than-expected earnings results from blue chip companies: Verizon (VZ
"Changes in market character precede changes in market trends." Changes in character are most often discovered intraday. Benefit from real time analysis and alerts, whether you're a short term trader or a long term investor.
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