The markets had a somewhat volatile session, up sharply in the morning, reached new highs for the year on the S&P 500 but were unable to confirm on the Nasdaq 100.
Dr. Julie Peterson-Manz reviews the Around The Horn stock action for December 1, and presents trade ideas that still have the possibility of triggering for December 2.
As attention shifts towards the Non Farm payrolls number on Friday, it would not be surprising to see some cautious trading in today’s and tomorrow’s sessions.
What was lost to the first world's two leading economies was found by another part of the world that used to be known as the second or third world. India, China, Russia and Brazil have all grown by leaps and bounds.
The indices followed through on yesterday’s late comeback rally and gapped up strongly early on, backed off and retested the gap successfully, and then came on and rallied strongly into the mid-afternoon before a last 90-minute rollover brought them off the highs.
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