The NASDAQ gapped up but failed at resistance (former support is now resistance). The fact that we opened higher than we closed is a net negative in my mind. The McClellan oscillator indicates that we are in the oversold zone. Volatility, as noted the other day, has stabilized through a series of NRIBs.Keep an eye on oil prices, headlines, and tomorrow's economic data releases: CPI in pre-market and, Michigan sentiment at 10:00.
1 comment:
Post a Comment