Technical Outlook: After a 3-day bounce, the market pulled back on Friday and formed a bearish engulfing candle pattern over the last two days. It is essential here that the bulls continue the pattern to new all-time highs. By failing to make new all-time highs, the market will create a lower-high and a higher-low, adding
Alright folks, the bulls are continuing Day 2 of a most excellent and well-overdue bounce in the market. I, personally, wouldn't be surprised to see a move that tries to take the market back near its all-time highs. On the surface that doesn't fit the story line of the current market, but with short interest
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Pre-market update: Asian markets traded 0.3% higher. European markets are trading 0.4% lower. US futures are trading 0.4% higher ahead of the market open. Economic reports due out (all times are eastern): Employment Situation (8:30), Consumer Credit (3:00) Technical Outlook (SPX): Key test for SPX today as it settled yesterday just below key resistance
Pre-market update: Asian markets traded 0.4% lower. European markets are trading 0.4% lower. US futures are trading 0.8% higher ahead of the market open. Economic reports due out (all times are eastern): Challenger Job Cut Report (7:30), International Trade (8:30), Jobless Claims (8:30), Productivity and Costs (8:30), EIA Natural Gas Report (10:30), Technical Outlook (
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