That's a Bullish Clue, Even if There's No Follow-through. Plus, 2050 Motors is Back.
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Welcome back from the weekend, everyone, and what a wild start to the new trading week it was! We started out in the black and toyed with a quick rebound effort. But, by mid-day we were alarmingly deep in the red. By the time the trading session ended though, we were basically back to where we started.
I suspect it's all a bigger sign of some serious indecision on the part of traders right now, though it should be noted the shape of today's bar -- a doji -- suggests a bullish reversal is at least trying to develop. We'll see.
We'll have our normal market discussion below, but we've got a couple of other items to cross off of our list first.