We have a rebound on Dow just right at the support line of Wedge pattern. This gives credence to this support level. Unfortunately, we can’t really say whether this rebound is sustainable or not as the bullish move has not been accompanied by an enthusiastically higher volume. This led the Dow stuck in a narrow [...]

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The bulls put up a nice show on Thursday. The Dow had surged to a high of over 170 points before retreating to 85 points upon closing. What it means is that the markets are indeed in bullish mode but very cautious. It is not surprising for the markets to behave this way as there [...]

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