Thursday, October 2, 2014

The Most Instructive Chart of the Last Month

Was of the Nasdaq 100 (NDX) posted on September 12 under the headline:
Equities: This Is What the Phrase "Feeling Heavy" Looks Like (NDX) 
We are still looking for ~1900 on the S&P 500 but this chart says we should maybe widen our focus to the Nasdaq 100:



S&P 500     1990.23  -7.22
DJIA       17,008.53  -40.47
NDX          4077.50  -15.14 
We're going lower despite the NDX being up a point today