Stock Market Trends and Forecasts
The market correction continued today, with all major indeces posting relatively small losses. Oil price had a significant spike up, but is still well within its long term downtrend. The large downturn in the bond issues gave a great boost to one of our positions. Our indicators do not contradict a continuation of the current downtrend, but we'll continue moving carefully on monday.
The newly opened DIA position closed today at +15% (was opened yesterday).
The ORCL position closed today at +55% (10 days in this trade)
Have a great weekend!
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