Dear Members: MARKET NOTE: There's nothing positive about today's action for the bulls. Just when it looked like the NASDAQ might strengthen after lagging the Dow and S&P, today it is back below a very important level; its 50 day moving average, a…
Dear Members: MARKET NOTE: Now that the Fed and Q1 GDP is out of the way traders are free to buy/sell without worrying about the market reaction. That has already happened. Throw in the Bank of Japan holding rates in place - no further stimulus - and…
Dear Members: MARKET NOTE: Well, what have we got going today? We have a bifurcated market, one where traders are avoiding tech stocks thanks in large part to Apple's weak earnings report after the bell last night. The Dow is higher while the S&P is…