Daily Watch List Update
MARKET NOTE: Dear Members: The bears got a few licks in yesterday after the market had gotten ahead of itself. The S&P tested its 20 day moving average for the first time in a month and some much needed steam was let out of the extremely overbought…
MARKET NOTE: Dear Members: In my update yesterday I pegged 2151 as support on the S&P if selling picked up. The low so far today? 2151.44. This makes sense as 2151 represents the 20 day moving average and it's a logical place for the bulls to try to…
MARKET NOTE: Dear Members: The rally of late has been technology driven with the NASDAQ closing in on 5200 for the first time since July of last year. In the meantime, both the Dow and S&P have stalled; the S&P has barely budged the past few weeks…