Stocks: Bull & Bear Case
Bear Case: Stocks formed a bearish engulfing candle on Thursday to close below the 10 day MA. Stocks delivered be bearish follow through on Friday forming a swing high. The decline into the day 35 low in July did not turn the 10 day MA lower, so it is not clear if Friday was day 12 of a new daily cycle or day 47 of a stretched daily cycle. We will be watching the rising 50 day MA for possible…












