Friday left the broader markets split, the Nasdaq and S&P 500 closed the market green, while the Dow closed slightly red. Overall the day was a very narrow range and digestive, for the third day weve seen volume decrease and volatility decrease. We thought the Wednesday and Thursday digestive narrow range action would be resolved with the Friday jobs data. The data was disappointing which gave the market a kneejerk reaction to the downside, but we saw the market hold support and come right back up throughout the day. It was a lot of work for the market to h[...]
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[Source: The Money Blogs]
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