Market Should Move Higher
The bid was tested and support was established. Now we should get a leg higher.
PRE-OPEN MARKET COMMENTS THURSDAY - This week the market tested the bid to see if buyers were still interested. The action was largely driven by programs and end-of-quarter rebalancing/window dressing. The market lacked a catalyst and we were heading into a holiday. This was the price action we expected so we kept our activity to a minimum.
Daily Bulletin Continues...