Wednesday saw the weakness I wrote about yesterday for the market direction outlook. However the weakness was relatively minor and the close was still above the 2100 level at 2102.31.
Today was about testing for support at the 2100 level and taking profits.
Market Direction Closings
Markets closed off their lows on Wednesday. The S&P closed at 2,102.31. The DOW closed at 17,867.58 down 50.57 . The NASDAQ closed at 5,142.48 down just 2.65.
Members Only Market Direction Outlook for Nov 5 2015
The rest of the Market Direction Outlook is for members as I lay out the market direction I am expecting for Thursday and discuss insurance for portfolios. I have also included a look at Facebook Stock which reported earnings after the close that once again beat estimates.
FullyInformed Members can read the latest Market Direction Outlook and review my trading outlook directly through this link. Members can also sign in to the Members’ site here. Non-members can join here or read about the benefits of a membership.
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