Although the Dow is trading relatively flat, the NASDAQ is getting it very hard. The NASDAQ and the S&P 500 are currently demonstrating that the T-line is not acting as a viable support. Yesterday the NASDAQ did a Doji day but opened lower Today and is currently trading below the T-line. Additionally, stocks that have any semblance of bad news are getting slammed hard today, indicating investor sentiment may be showing signs of major change.
September 5th Daily Market Comments
Although the Dow is trading relatively flat, the NASDAQ is getting it very hard. The NASDAQ and the S&P 500 are currently demonstrating that the T-line is not acting as a viable support. Yesterday the NASDAQ did a Doji day but opened lower Today and is currently trading below the T-line. Additionally, stocks that have any semblance of bad news are getting slammed hard today, indicating investor sentiment may be showing signs of major change.