Daily Market Commentary: Quietly Bullish

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There wasn’t a whole lot of movement in the market, but what movement there was – was higher.

Volume also came in lighter. Markets are still nicely poised for another leg higher, and the tight action of recent days allow for a reasonably tight stop.

The Russell 2000 is still the best positioned index to gain.  It remains tied to its 50-day MA, with a very tight bullish flag.  Technicals all bullish.

RUTX Dec5c Daily Market Commentary: Quietly Bullish

The Nasdaq staged a recovery to its 200-day MA.  The falling 50-day MA is nearby to add selling pressure, and the dreaded “Death Cross” looms on the horizon.

COMPQ Dec7c Daily Market Commentary: Quietly Bullish

The S&P is about to test the strength of supply at its 50-day MA.  Given the action in the Russell 2000, there is a good chance the S&P will be able to push through.

SPX Decy7c Daily Market Commentary: Quietly Bullish

Tomorrow should see bulls continue their run of form.  The Russell 2000 remains the index of choice for buyers as it leads relatively.

dr. declan fallon fallond stock picks Daily Market Commentary: Quietly BullishContributed by Dr. Declan Fallon, Fallond Stock Picks

 

 

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