The candlestick graphics immediately illustrated buying as soon as the markets opened. The market indexes have moved up steadily since the open. It will be important to see if the indexes close near the high end of the trading range which would create belt hold type signals. Numerous stocks opened lower and although they are still trading lower are trading above where they opened. This provides an immediate confirmation there is buying occurring in the markets. The important factor today is to see where the indexes close.
May 6th Daily Market Comments
The candlestick graphics immediately illustrated buying as soon as the markets opened. The market indexes have moved up steadily since the open. It will be important to see if the indexes close near the high end of the trading range which would create belt hold type signals. Numerous stocks opened lower and although they are still trading lower are trading above where they opened. This provides an immediate confirmation there is buying occurring in the markets. The important factor today is to see where the indexes close.