For FullyInformed Members here is the intraday chart analysis for the afternoon of Nov 19 2015 at 2:30 PM.
With news this morning that Internet sales for Black Friday to Cyber Monday were up about 17 percent over 2014, the market took its cue and moved higher. The advance has stayed steady all day. The only statistic today that concerned investors was the manufacturing data that showed a contraction in November that was on par with June 2009 levels. These numbers many economists are pointing to as a sign that a recession will occur in 2016 and Goldman does not believe that to be the case as they pointed to construction spending which rose to an 8 year high……..the rest of this strategy article is for FullyInformed Members.
Intraday Chart Analysis – Afternoon – Dec 1 2015
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