Scalper1 News
Markets gapped lower yesterday as bonds continued their freefall, but then managed to close in the upper half of their respective trading ranges, with the NASDAQ Composite closing above its 50-day moving average after trading under its 50-day moving average for a good part of the day, and the S&P 500 bouncing off its own 50-day moving average. Markets remain stuck in a sloppy trading range though the amplitudes of the major indices are diminishing, suggesting that a potential breakout or breakdown out of the range may lie shortly ahead. Futures are currently up about half a percent at the time of this writing. Investors should remain aware of leading stocks that are acting normally during the pullback and any potential long entry points that occur on light-volume pullbacks into areas of logical support. Scalper1 News
Scalper1 News