We did see the weakness that we were expecting for the hourly Dow chart. The money flow has turned back up ... we should see some strength in the very, very near term ... the bottom two indicators are almost oversold.
Stocks were up today. Money flow looks to be bottoming ... we still may see some more weakness before we have a true move up ... but we are at the point with the cycle and indicators we could see a move up from here. Today we had a cash inflow for the broader market and the volume trade on the NYSE was marginally favorable up at 51%.
We did see the weakness that we were expecting for the hourly Dow chart. The money flow has turned back up ... we should see some strength in the very, very near term ... the bottom two indicators are almost oversold.
Stocks were up today. Money flow looks to be bottoming ... we still may see some more weakness before we have a true move up ... but we are at the point with the cycle and indicators we could see a move up from here. Today we had a cash inflow for the broader market and the volume trade on the NYSE was marginally favorable up at 51%.
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