you missed all the news, after the embassy attack in pakistan the us has determined that india is behind it and we just nuked india. Death tolls in the millions. The hords of the world have united against us. Defense stocks are soaring
DOW breaks 9,500 goes sharply lower ... NASDAQ and S&P both follow suit ... and now all rebound ... is this an end-of-week reaction ... or are we finally reversing course ?
Both the Dow and Naz touched significant support levels earlier today. The Dows support was 9300 with a final support at 9150 area and the Naz last support is an aggressive 1450. Next week will be very interesting and important as the market tips it's hand. At this point I think we'll bounce Monday and hopefully sustain those gains into the close. I do feel there will be a flat to sideways trading range for the remainder of the week until significant economic news is released. I'll have more resources to review and study this weekend to get a better read. Those are just my instincts at this point.