Post by
pikeroo_007 on Jan 06, 2023 8:06pm
Indices continued
Dow jones today had a nice powerful breakout from a multi day area. It is following closely the 50 dma. Very healthy. We have seen a lot of back and forth with the indexes lately so not a complete win just yet but looking good. Tsx, nasdaq also looking healthy enough. Cse really looking at double bottom from 2020. We could be headed for a multi month breakout on indexes. People still seem to be spending with xmas numbers coming in eventhough interest rates are high so that is also a good sign. Its looking up to invests in stocks again. SNA stock showed some interest today from a large buyer at the bell. Only maybe negative thing to say on that is that it looks like it was institutions selling. Next week should tell us more if the large buyer wants to buy more or if there is more instution selling. Overall market looks favorable for stock investing again. CSE looking very very favorable for a strong bounce back. Good luck all.