Market Alert - Morning Session

After a higher open that saw NASDAQ make a new high has since been sold.

SP500 -13.09. -0.55%
NASDAQ -28.77, -0.49%
DJ30 -95.42, -0.47%
SP400 -0.94%
RUTX -1.14%
SOX -0.76%

DJ30 is back near the 50 day MA's while SP500 is about halfway there. NASDAQ and SOX are back at the 10 day EMA, showing little wear and tear though NASDAQ did reverse off that new high.

SP400, RUTX are at the 50 day MA or lower, struggling to hang on as the last part of last week's recovery is tossed aside.

The past half hour the market rebounded off the session lows but has started to roll back over.


Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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