Daily Watch List Update
Dear Members: Market Update: If you want an example of being trapped in a range just look at this morning when the brakes were slammed on the bulls just as the NASDAQ touched its 20 day moving average. This doesn't mean the market can't go higher; it…
Dear Members: Market Update: When traders decide in unison to step to the sideline it makes it very difficult for the bulls to make any progress. Ditto when major indexes fall below key technical levels as it becomes a chore to repair the damage…
Dear Members: Market Update: It's been pretty clear lately that the overall market behavior has been tied to the NASDAQ and we're seeing that in full force today with tech stocks finally showing signs of cracking. The big culprit today is Facebook…