Monday, November 05, 2007

Market Report

Newsletter, Members Click Here. To Subscribe - click Bull icon.November 5th: The day could have been worse for bulls, but the picture which existed Friday remained stable on Monday. The 20-day MAs remained as support for the NASDAQ and NASDAQ 100. although the S&P drifted a little off its 50-day MA. Friday's action created potential double bottoms for the Dow, S&P and Russell 2000, although it would have been better to have seen upside follow through on Monday, bulls can take some heart that losses didn't expand. Tuesday will probably open weak - but let futures be ones guide.