It’s impossible to predict the outcome or full impact of the North Korean attack on its neighbor, so uncertainty hung like a cloud over trading last week, and we all know how Wall Street feels about that. However, not only did stocks have a modest day down on Friday but they ended the day with a small rally. That's a good sign for bulls.
The S&P 500 support at 1174, and the 50-day moving averages of the major indices held. That is an encouragement to the bulls, and the fact that we got through the holiday week with little damage, we may even launch into December with a meaningful rally.
No comments:
Post a Comment