Today's Daily Stock Market Comments
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5/9 - Stock Market Comments
On Thursday the Dow formed a Bullish Harami and the NASDAQ formed a Doji/Harami. However, today's weaker futures indicate no bullish confirmation of those signals. This market is now in a downtrend. The 50 day moving average is likely the next target. Crude oil prices are now above $126 a barrel. A negative open in the markets today would require a dramatic bullish move to negate the downward bias of the market. Buying some of the short index funds is prudent.
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