Monday, April 23, 2012
Is Market Changing Direction?
I'm back from vacation. Barcelona was great. Market action today, not so great. Based on earnings last week, I expected something better.
Indices look bad. Nasdaq fell under 3000. S&P just barely staying above 1360. But this year Nazz was a leading index. Tomorrow is a critical day. If Nasdaq can recover, we might be still in a bull mode. If not, I expect bad things. At least until the end of April.
Posted by Alex Filonov at 10:54 PM