U.S. Stocks finished they lower, but well off session lows on Thursday, but remain up solidly on the week. Stocks opened lower on the back of Dollar strength, but that strength evaporated late in the day, and allowed the market to bounce a bit off its lows. Overall though, it was a pretty weak market. One thing I definitely did not like about the price action was the weakness in Apple. Apple was down over $5 on the day, on rising volume. The overall market volume was also higher today.
In other markets, Gold eked out a small gain, while Crude Oil was lower by over $2. Otherwise, it was a fairly quiet day.
Keep an eye on the Dollar on Friday!
Scott Cole www.bestdaytradingstocks.com
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