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.
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.
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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