The dip into and out

The dip into and out of Friday”s open found its low upon probing a couple of points under 2115. An increasingly narrow range around it persisted through the bias environment. It was less a struggle between buyers and sellers, and more a struggle to keep buyers and sellers from going home. Such is a Friday no-bias environment.

The afternoon was already firming, albeit still stuck to 2115. But the balance of the session trended up when the bias environment began lapsing at 2:30. Or, at least, it resembled trending. The market was uncomfortable trading as low as it had, and ended the day returning to its comfort zone. I wouldn”t build much more motivation into it than that.

The late bullish WedEX”s vulnerability won out of the threats it endured, so its influence Monday morning gets every benefit of the doubt. We”ll discuss how to play that, and what else to expect during this pre-holiday week, at this weekend”s Saturday Review. Links will be sent overnight. IT BEGINS EARLY AT 9:00 AM ET AND LASTS ONLY 45 MINUTES — I”LL WORK THROUGH AS MANY STOCK REQUESTS AS TIME ALLOWS.

Here”s Friday”s post-market Wrap recording:
https://roddavid10.mitel-nhwc.com/join/fbfwwjs