Friday, December 7, 2012

Market Review (12/07/2012)

The stock market closed higher as a November jobs report topped forecasts. The markets are having a three-week bullish rally and it should continue as the SP500 crossed over the 50 DMA.

For the week:

DJIA - +1%
SP500 - +0.1%
NASDAQ - -1.1%



The SP500 crossed over the 50DMA which was a major resistance.

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