Market Update: Bulls Are Still In Control
Tuesday was a big support day on Wall Street! Once again, the bulls showed up and DEFENDED SUPPORT aggressively yesterday as the market ripped higher after a very ugly open. The fact that the market reversed higher suggests the bulls are still in control.
Tuesday was a big support day on Wall Street! Once again, the bulls showed up and DEFENDED SUPPORT aggressively yesterday as the market ripped higher after a very ugly open. The fact that the market reversed higher suggests the bulls are still in control.
Watch These Two Levels Of Support:
The two NEW levels of support to watch are
1. Yesterday’s low and
2. The 50 day moving average line line for the major indices
The two NEW levels of support to watch are
1. Yesterday’s low and
2. The 50 day moving average line line for the major indices
As long as those levels hold, the bulls remain in control of this market.
NEW LEADERS:
That said, I scanned a few hundred charts last night and here are the stocks that were UP yesterday on VOLUME. Remember, if a stock can’t fall when the market is getting hit hard that in and of itself is very bullish.
High Ranked Stocks
FIVN
CREE