Here's a chart of the NASDAQ Composite Index. I prefer this because it is a broad index (large & small cap stocks). My "take" on this market is that we're at a crossroads, the 12985 level should hold (on a closing basis) IF we are to bounce back; else . . . Why? 1) The number of New Lows has increased, but not to a dangerous level. 2) See the volume levels on the chart. They are...

Here's a chart of the NASDAQ Composite Index. I prefer this because it is a broad index (large & small cap stocks). My "take" on this market is that we're at a crossroads, the 12985 level should hold (on a closing basis) IF we are to bounce back; else . . . Why? 1) The number of New Lows has increased, but not to a dangerous level. 2) See the volume levels on the chart. They are...

Here's a chart of the NASDAQ Composite Index. I prefer this because it is a broad index (large & small cap stocks). My "take" on this market is that we're at a crossroads, the 12985 level should hold (on a closing basis) IF we are to bounce back; else . . . Why? 1) The number of New Lows has increased, but not to a dangerous level. 2) See the volume levels on the chart. They are...