Well, still suffering through my stupid final essays, but had to stop by and say hi... Have I said this week that I hate writing???
So, where are the markets going next week? It is a mixed bag as it looks like the NASDAQ is taking the lead. That would normally be good, but I am skeptical on the long side. I will wait for it to close above and confirm above the 50 MA. Its 20 MA is about to cross below the 50, which has already happened on the broader market index, the S&P 500 (and the DOW, but it isn't a great index to analyze, just to tout on CNBC).
Overall, the market is looking bearish, so unless we have some stupendous news (oh wait, could be really bad news) to make the market bounce (gap above) the 50 MA, then close higher the next day... well, I am just thinking things are just too weak right now.
Finally, after 6 months of bullish moves, my thoughts on the market going down is finally coming true... maybe :nuts:
I am in G...
Have a great week-end yall... back to my stupid essays...