May 16, 2008
What better way to end the week then to see the bulls fight hard to the finish to put off the efforts of the bears to keep the markets in the red. For most of the day we lingered in negative territory, but by the close the bulls had fought back valiantly to close the day flat. This will give investors and traders alike much food for thought when heading into the week ahead. Very bullish day to say the least, as the bulls continue to buy the dip at every chance. This type of intraday action is exactly what we like to see when determining market direction. For the bulls, this week couldn’t have been any better.
Now to the NASDAQ and S&P Charts…
CLICK HERE FOR THE NASDAQ CHART
CLICK HERE FOR THE S&P CHART