Ian Woodward's Investing BlogStock 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,
Ian
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