Wednesday, December 2, 2009

Stock Market Update - December 2, 2009

Nothing earthshaking today ... except the unemployment numbers are going to look bad again this month. This is a view of the hourly chart for the Dow.

Today we did have an inflow of cash into the market with 57% up volume on the NYSE. Money flow is poised to head higher which should support prices for the very near term only at this point.

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