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Stock Market Daily Recap Oct 31, 2012

October 31st, 2012

After a few days of down-time from Hurricane Sandy, stocks opened Wednesday with still mixed feelings. Markets opened at highs and sold off by noon or later.

Remember that Bull Markets typically start low at the start of the day and end high towards the end of the day. Bear markets typically start high and end low towards the end of the day. Study

The S&P 500 was barely up. Markets are stalled, and although we do have these support levels, they can be broken so keep tight stops or hold your money in cash.

The Dow Jones again finished with a doji, which basically is creating indecision. It has some support at 200 day moving average, but we time will tell if we hold.

LOW and HD both getting a pop due to Hurricane Sandy sympathy plays, so the volume picked up and there-fore the stocks received a nice boost.

BIDU was consolidating here the last couple of weeks, but heavy volume to do the down side may push this stock lower.

ALXN broke this trend line earlier last week and broke the 200 day moving average. The chart is broken, and volume was picking up later in the day.

NFLX appears to be cruising for the time being, but it should at least pull back slightly before moving higher if volume can take it up.

Author: Sasha Evdakov

Sasha is the creator of the Tradersfly and Rise2Learn. He focuses on high-level education speaking at events, writing books, and publishing video courses on business development, internet marketing, finance, and personal growth.

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