29Sep3:51 pmEST

There's the Rub

Headed into the bell on what has been a wild session, the mega caps in the Dow look rather ominous and perhaps headed towards a major break. 

But the Nasdaq and small caps balance out the pessimism, with the QQQ ETF still above its 20-day simple moving average. 

Despite the DB concerns and the Dow swooning 200-points intraday, if bears cannot ever bring the QQQ below its 20-day, it is going to be tough to load up on any type of meaningful short inventory. 

More after the bell in my recap, including more analysis of DB.

Back for Another Total DB Mo... Stock Market Recap 09/29/16 ...

 
BackToTop
 

This website is intended for educational purposes only. | © 2021 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site