Market Waves Caution Flag
Posted on Tue 19th Dec, 2006 12:23:26 PM
Just a heads up, the S&P 500 along with the NASDAQ are now closing in on intra-day lows. Stocks such as Apple (AAPL) are holding up nicely and are near intraday highs, but then you have stocks like Google (GOOG) who are now trading in the red around $161.50. If the market trends to fresh lows that could spell trouble for the rest of the day, and again not saying it will but just putting a sign of caution out. SP500 last is just under 1418, with the NASDAQ just under 2415.
Happy Hunting.
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