Stock Market Analysis – 07-18-2008
July 20, 2008 · Filed Under Broader Market · Comment
Friday was a day where the indexes greatly diverged. Led by GOOG and MSFT, techs tumbled across the board taking the Nasdaq down while the S&P 500 and Dow were mainly unphased. We’ve surpassed one of the lower highs, but we’ll have to start setting higher lows for it to mean anything. That means I’m ready to short on the next downswing, but a quick bounce before 125 will be the signal to wait longer.