November 2, 2007
It was quite a seesaw type of day on the market today as the sell off that occurred yesterday seemed to have found some temporary footing. The market looked poised for a strong opening as it was reported the economy added 166,000 new jobs (twice as much as expected). This is one of the economic indicators that the Fed takes a strong interest in for reading the economy and it is also one of the goals of the Fed itself to support an environment conducive to job creation.
On a intra-day basis he market made two attempts to sell off, and each time the bulls stepped in and thwarted the attack by the bears. Equally important was the fact that the support levels discussed in yesterday’s market analysis held strong after a late day market rally. In the future we will be posting charts to give a graphical representation of the state of the markets. Read tomorrow’s Weekly Summary for a discussion of this week in the market.
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It's 2025 and we have for ourselves a stock market correction. I get that some people are calling it a stock market crash already, but that is certainly pre-mature and short-sighted. Let's call it for what it is right now, and that is a stock market correction. In this podcast episode, Ryan discusses how important it is to be risk managers in our trading and how we can weather the storms of the market and even profit from a stock market correction. This is an incredibly important podcast episode that you won't want to miss!
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