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October produced the first monthly bearish candlestick we have seen in four months. The Dow closed flat on the month while the Russell took it on the chin as the worst performer of the top line figures and the only top line figure to not make a new monthly high.
The NASDAQ was the second worst performer of the top line figures with mixed quarterly earnings from its four horsemen AAPL, AMZN, GOOG, and RIMM. AMZN remains the strongest of the four, as AAPL and GOOG already filled their earnings gap ups and RIMM has been on a downward spiral since its earnings announcement.
The NASDAQ was the second worst performer of the top line figures with mixed quarterly earnings from its four horsemen AAPL, AMZN, GOOG, and RIMM. AMZN remains the strongest of the four, as AAPL and GOOG already filled their earnings gap ups and RIMM has been on a downward spiral since its earnings announcement.
Nice video again. It'll be interesting to see what happens the next couple of days.
ReplyDeleteThe Fibonacci #'s do tend to act as key support and resistant points in the markets. Regardless of the indicator, moving average, or oscillator that you use, it is important to understand how they all work, as other traders will be placing their trades off them.
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