Dr. Sean began his career as a medical physician until a chance conversation with the nephew of a fellow physician led to his discovery of the kind of profits that can be made trading in the stock market.
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We received slightly optimistic news at 830am as the Building permits and PPI were expected to move the markets. There was a slight increase in housing and a modest jump in industrial production.
There was significant resistance later in the day at a high of 10,480 where investors sold into the close at 10,405.85. The earnings for major retailers were responsible for the increase in trader sentiment which caused an increase in buying earlier in the day.
Lux investments during this period of time where volume is light is unsure of whether this move up is significant as many traders are on vacation in the summer months and will return in September.