Thursday, May 19th, 2016

Current stock Market action

Here is what it looks this week as European debt crisis gets a fair shake by 17 Eurozone countries. Expecting some kind of long term solution at this point. As a result stock market rallies hard with leaders going up 10 to 15 points in today’s action. There is however resistance above with 200 day moving average and the market is getting overbought here in the short term. Both the 50 day and 21 day moving averages are curving and look bullish.


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