Nasdaq Shows Signs of Weakness

The last week has given us little new to look at. On the close-up charts, below, first the Dow and then the Nasdaq, we can see that in both cases we are just about where we were at the time of my last commentary. However, there is more to note. Whereas the Dow still seems to be in a sideways area that began in mid-June, the Nasdaq appears to be acting weaker, and suggests a downtrend may have already started. 

Because these are candlevolume charts, wherein the width of each entry denotes the volume on that day, it is visible that the heavier volume is tending to come in on the down days, and the rally days have lacked enthusiasm. ...227 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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