Fitz Bits: I Predict a Bounce

Let's look at some charts.

Four-Week New High/Low Ratio Caterpillar (CAT) Apple (AAPL) Chipotle (CMG)

Yesterday was pretty much a bloodbath for the bulls. The S&P opened down a bit and just kept on falling into the close. This large-cap index fell right through the 50-day moving average (which was sitting at a critical 1,950 support level) like a skydiver falls through a cloud. You see something that might slow you down, but it turns out to be only vapor....683 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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