Market Recap for Friday, November 3, 2023


SwingTradeBot about 1 month ago

What are your thoughts on 'today's (2023-11-03) market action?

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TraderMike about 1 month 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.

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