Daily Market Comments 1 May 06 by MastersoEquity.com
Technically, we see NASDAQ down 0.95% in response to the surge on Thursday. This is a normal consolidation move after such a grand surge that it barely hold any surprises. NASDAQ continued back down to its 50MA where it was to continue its game plan. DJIA ended in a neutral day that made no difference to its immediate sideways direction. We will need a lot more market stimulus to move a market this heavy.
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