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.