Friday, March 28, 2014

Joe Friday…Big Tech support test, as Google, Tesla, Bio-Tech lag big time!

by Chris Kimble


If I had told you a month ago that Google, Tesla and Bio-Tech would fall -7% to -15% , would you have thought the S&P 500 would be "FLAT" if that happened?  Well it did and I suspect that surprised more than me.

These three stocks that have been hit hard are associated with the Nasdaq index. The above chart reflects that the NDX 100 index is testing rising support and its 50MA at the same time.

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