The sharply higher opening last Wednesday spooked those who were short the market and encouraged the bulls to buy more especially in the market leading Nasdaq 100. The euphoria was short lived as the market dropped sharply Thursday and closed weak ahead of Friday's job report. The S&P 500 stock index futures were down about 4.0 points ahead of the jobs report which came in as expected. The selling picked up after the opening . As noted early in the week, the daily and weekly technical studies we...
The sharply higher opening last Wednesday spooked those who were short the market and encouraged the bulls to buy more especially in the market leading Nasdaq 100. The euphoria was short lived as the market dropped sharply Thursday and closed weak ahead of Friday's job report. The S&P 500 stock index futures were down about 4.0 points ahead of the jobs report which came in as expected. The selling picked up after the opening . As noted early in the week, the daily and weekly technical studies we...
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