Guilty until proven innocent…that is how this market needs to continue to be treated because the trend is lower and that trend is not likely to change soon with continued blowups in the mortgage markets (TMA today). Last week I said the theme of this market is that THE MARKET HATES UNCERTAINTY and if I can come to any conclusion after having CNBC on much more than usual, it is that no one knows the full magnitude of what is going on, that is a tough environment to make money from the long side.
Stock market video technical analysis and for Tuesday August 14, 2007 including; Nasdaq 100 Trust Shares (NASDAQ:QQQQ), S&P 500 Index (AMEX:SPY), Semiconductor HOLDRs (AMEX:SMH), iShares Russell 2000 Index (ETF) (Public, NYSE:IWM), UltraShort QQQ ProShares (ETF) (Public, AMEX:QID) Trend analysis for daytraders and swingtraders of stocks and options. Trading stocks involves risk; this information should not be viewed as trading recommendations.
NOw you’ve got no choice but to watch the Old Spice commercial (: