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Daily Watch List Update
Dear Members: MARKET UPDATE The market has moved into reversal mode with all of the major indexes lower. Earlier in the session the NASDAQ was trying to climb back above 6200 with the S&P trying to regain its 20 day moving average but then swift…
Dear Members: MARKET UPDATE In Friday's update I pointed to two important numbers to watch for. First, on the S&P, it needed to clear its 20 day, currently at 2427. And on the NASDAQ I pointed to key resistance just above 6170. So far today both the…
Dear Members: I pointed to a few things I was seeing yesterday indicating a near term bottom was trying to form. We're seeing some relief today with all of the major indexes higher. Trader's have regained some confidence with the VIX down over 8% and…