Market Recap for Friday, November 3, 2023
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TraderMike 11 months ago
Well this week has been wild. When I compare this page to Monday's recap it's a stunning change! The trend table swung from almost all red to mostly green. And the % of stocks above their 50-day moving averages has practically gone parabolic. It's more than doubled off last Friday's low.
All the indices tracked above, except the Russell 2000, closed above their 50-day moving averages. I'll be watching those MAs to see if the bulls can defend them and get the Russell above its 50 DMA.
All the indices tracked above, except the Russell 2000, closed above their 50-day moving averages. I'll be watching those MAs to see if the bulls can defend them and get the Russell above its 50 DMA.
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