The market trended lower throughout last week as the bears pushed support and are zeroing in on the 50-day MA’s (moving averages). Worries over China, Russia and Ukraine, and the growth prospects here at home weighed on the indexes as the S&P 500 joined the Dow into negative territory for the year.
The bulls are still holding gains on the Nasdaq and Russell 2000 and the Transports are still up 1% for the year. Biotech and the Financial stocks also slipped but are still in the green but Wall Street and the world took insurance out ahead of Crimea’s vote to join Russia. (continued…
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