Monday, November 2, 2009

US stock market summary --- 11/2/09

Today's bounce was weak. Nasadq went to as high as 2069 which was 1 point lower than 2070 which I emphaszied to watch in the morning update, before it reversed course. Looking at $Bpcompq and Bpspx, the breadth is very negative although the maket had small gain today.
My Supertrend Trading system has not issued a new Sell signal yet, but it's very close to do that.

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