Yesterday’s evening star signal in the Dow that showed a double failure of the 50 day moving average, is still demonstrating market weakness. This is further illustrated with the NASDAQ trading lower again today after opening higher. The NASDAQ and the S&P 500 continue to trade below the T line. Assume the bears are in control.
October 12th Daily Market Comments
Yesterday’s evening star signal in the Dow that showed a double failure of the 50 day moving average, is still demonstrating market weakness. This is further illustrated with the NASDAQ trading lower again today after opening higher. The NASDAQ and the S&P 500 continue to trade below the T line. Assume the bears are in control.