Online Stock Trading | Epic battle continues…

Epic battle continues…


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Bears are on the upswing today although; volume appears to be on the lighter side.  We will need to see where the dust settles today.  The SOX is giving up almost half of yesterday’s breakout, not a great sign for those permabears.  As of now (2pm) the S&P 500 and NASDAQ are above their respective 50dma.

 

GOOG is managing a decent day of gains; volume appears that it’ll be above normal trade.  At this point, I do not see a wholesale decline in a majority of stocks.  I’d be worried if I saw GOOG breaking down here with the rest of the market.  

IDSA is holding nicely.  

AVAV continues to hug its 50dma as it is building a base. 

As of 2:04pmEST the S&P 500 now sits just under its 50dma…not to sound day traderish just pointing it out.  Any conclusion will be drawn after all the numbers pile in at the close!!! 

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