The market is never wrong! Economist usually are! Today’s job numbers were completely opposite of what the so-called experts expected. But the market uptrend has been telling a different story. Investors see something positive in the future. Yesterday, a bearish Harami’s/Doji had formed in the Dow just below the 200 day moving average, indicating the possibility of profit-taking had the markets opened lower today. Today’s gap up also provides the prospects of taking profits, but into strength.
June 5th Daily Market Comments
The market is never wrong! Economist usually are! Today’s job numbers were completely opposite of what the so-called experts expected. But the market uptrend has been telling a different story. Investors see something positive in the future. Yesterday, a bearish Harami’s/Doji had formed in the Dow just below the 200 day moving average, indicating the possibility of profit-taking had the markets opened lower today. Today’s gap up also provides the prospects of taking profits, but into strength.