Stayin Alive Friday !!

Friday on the XJO is about stayin alive - staying above ground and staying in the black in the stockmarket !! its also a tribute to another XJO Zoomba forefather the Legendary Disc Stu !



The XJO had a down and up day on Thursday - after initially following the Yank markets lead after they raised interests rates .25% as expected - The index fell from the open and then leveled out mid afternoon around the 5520 November high where it attracted the interest of the dip buyers - it then put on a quick 35 point bounce to 5555 before weakening to close at 5539

So where to now ? having almost made the 5600 line on Wednesday with the August 5611 high just above you would think unless the yanks have a complete turn around here that at some point before the end of December window dressing /Santa Rally we should give that high another shake.

Clearly as we approach 2016 highs intraday traders can make $$ in both directions as we saw on Thursdays chart. but as @pinozi has pointed out the trend is still up - the sharks are still swimming upstream and remora's rule although we need now is confirmation from Uncle Sam that Wednesday nights fall was just a blip .



Friday Data Numbers !