Buyers look to halt losses across indices
Friday was options expiration, which spiked volume, but it also saw higher prices for many of the indices.
The Russell 2000 was/is the lead index but it reversed its recent breakout to fall below support, but it did find support at its 20-day MA. Technicals are a little mixed with a 'sell' trigger in the MACD and ADX, but bullish technicals intact for On-Balance-Volume and Stochastics. The index is still outperforming the S&P and Nasdaq.
The Nasdaq is caught below its 50-day and 20-day MA but is looking to shape a higher low.You've now read my opinion, next read Douglas' blog.
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Investments are held in a pension fund on a buy-and-hold strategy.
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