Sunday, January 13, 2008

Stock Market Snapshot as of Jan 13, 2008

After a retracement in December that touched the trendline, the S&P 500 has restarted its downtrend, making a lower low on Jan 8th. The 50-ema has now moved below the 200-ema.

The Nasdaq 100 has been showing a lot of weakness in the beginning of 2008. The 50-ema is still above the 200-ema, but both have turned south.

The Russell 2000 has also made a lower low. It is still the weakest of the bunch.

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