Markets were plenty naughty this week, as Santa failed to deliver any joy. Both the Nasdaq and S&P 500 fell all 4 days this week, and both about 2%. The Nasdaq recorded a bearish inside day, where the recent trend (lower) tends to follow. It lost both its 50 and 200 day SMAs this week. The S&P 500 lost 10 week support Friday but did remain above psychological support of 1400. For the year however both remain up in the Read the Rest…

Be Sociable, Share!
Sign Up to Continue Reading