After Tuesday's rally in a bearish market, I have to say, I did not expect the market to finish in positive region yesterday:
Dow 11656.07 +0.35%
S&P 1289.19 +0.34%
Comp 2378.37 +1.21%
RUT 725.90 +0.67%
Following yesterday's restrained profit taking, I'm thinking that there should be more today, plus short covering. Hence, I'm bullish, albeit only mildly, for today.
Dow and S&P are nearing their resistance level and are likely to trade in a very small range today. RUT daily chart shows 2 days that have closed above its resistance, breaking out of what looks like a bullish wedge to me. So, I'm bullish on RUT today.
Oil and the other commodities remain down.
Do I want to talk about finance and housing?
Nah.
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