Beware the bounce! It is not unusual to see buying early in the day in a downtrend with selling continuing later in the day. However, the indexes are showing potential buying at major support levels. It will be important to see if the markets hold up today near the high end of there trading range. Currently the Dow is doing a bullish Harami at the 200 day moving average.
December 2nd Daily Market Comments
Beware the bounce! It is not unusual to see buying early in the day in a downtrend with selling continuing later in the day. However, the indexes are showing potential buying at major support levels. It will be important to see if the markets hold up today near the high end of there trading range. Currently the Dow is doing a bullish Harami at the 200 day moving average.