Wednesday let the bears play and push the market down all day. The broader markets closed just off the lows and we saw participation come back to leave distribution days on the NYSE and Nasdaq. Gold rallied all day to close up $21.30 at $859.30 and crude also had a record setting day up $3.59 at $99.57 a barrel. The contract did trade $100, but didnt stay there long and only hit it once. The day closed with horrid market breadth, the TRIN was over 2 and leaves the market poised for an early bounce. With such a big expanded drop a bounce to retra[...]
Read More...
[Source: The Money Blogs]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment