PhilStockWorld Weekly Wrap-Up: Oct 28th – Nov 1st 2024
The October Surprise for the markets was plunging back to the 50-day moving average on Halloween but the line held so we really shouldn't complain about a HEALTHY 2% correction. Unless, of course, the 50 dma fails to hold and we plunge another 370 points (7%) to the 200-day moving average at 5,360 but that average is rising 5 points per day so most likely it will be about 5,400 when it's tested - which would just happen to ...