A quick note on this market.
Our major market averages on Friday tested their respective 50dma and their major uptrend lines. Friday’s job report was another grim reminder our economy still faces a terrible challenges ahead. Volume slid throughout the day as traders went home for the weekend. Support was there as sellers were exhausted from Thursday’s selling fest. We are still at a point where this market might crater or move higher. If the market breaks support with volume and takes down leading stocks it would not be a good sign for this market moving forward. Always take it stock by stock and cutting losses quickly.
Our Recession Special is going to be over this Friday October 9th. Please take advantage of the 25% discount off our monthly packages.
Have a great week.
