Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Back Down to the 200 Day MA...

As the market weakness continues, the indices have nowhere to go but down. The DJIA and the S&P have suffered the worst hit as they are just hovering over their 200 day MA. The NASDAQ is still in better shape (tech earnings are still top-notch), as it is still clinging to its 20 day MA. The 200 day MA's on the DJIA and the NASDAQ are currently support for the indices. Any violation of this can spell further trouble for the uptrend that the markets have been fighting to hold.

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