Ian Woodward's Investing Blog

Stock Market: On a Wing and a Prayer

The hour is late and this will be a short and sweet update:

All the Major Market Indexes except the DJIA took a small hit today with the Nasdaq and NDX hit the worst:

And here are the Canaries with AAPL and PCLN teeter-tottering:

The 59% of S&P 1500 stocks below the Lower BB (<0) took the stuffing out of the Market:

…And here is the evidence that shows the Market Indexes are struggling.  The Market has been in a Correction for the past seven days:

The Bottom line is that either there is a Major upward surprise thrust or we continue to drible on down to the next level of support which is certainly “Custer’s Last Stand” at 2900 for the Nasdaq.

Best Regards,


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Disclaimer: Commentaries on this Blog are not to be construed as recommendations to buy or sell the market and/or specific securites. The consumer of the information is responsible for their own investment decisions.