Tuesday, May 6, 2008

Will The Candlesticks Confirm On Monday?

Friday left the market on a mixed note and a digestive day across the broader markets. The Nasdaq composite closed slightly red and the S&P 500, Dow along with the Nas 100 closed slightly green. Our day was on nice volume, but slightly lighter than Thursdays across the market. After Wednesdays drop and Thursdays recovery, Friday had little chance of showing us a huge move. We gapped up on economic data and faded off all day. However the sell off did not get out of control and was on lighter volume. Which is what wed like to see for any pullback from [...]

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[Source: The Money Blogs]

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