Bleeding Needs To End Today

Beginning of the month fund buying needs to end the drift lower or the major MAs will be tested.

PRE-OPEN MARKET COMMENTS TUESDAY – The biggest overnight news was China’s manufacturing PMI. It came in at 52.6 and that was the highest reading in more than a decade. They are coming out of the Covid-19 shut down, but this could simply be a bounce from a backlog of orders. ISM manufacturing will be posted after the open today.

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