Monday, September 08, 2008

NASDAQ AND Google Update



If you recall my last post I spoke about the weakness in the NASDAQ and GOOG. As you can see in the above chart both of these markets have sold off rather sharply even in the face of a 289 point gain in the Dow today.

I scaled out of some of my short position at the close today only because I'm seeing some strength in the financial sector which can be a leading indicator for the overall market.

1 comment:

Dian said...

Hi Kevin
We would like to see some more charts from you(I mean frequent posts ) that is, if you get the time.
I love you analysis and I get to learn lots from you.
Thanks

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