Today's Daily Stock Market Comments
Get Your FREE Daily Stock Market Report...
Read Mr. Bigalow's market comments every day to know where the stock market is heading!
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.
View Current Blog Article by Stephen W. Bigalow

