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Brief update

A brief update to my last post.  Nasdaq was up as much as 2.1% on Tuesday but closed up just .1%.  Russell 2000 index was down.  Small stocks clearly had a rougher day.  Tuesday was day 10 in the Nasdaq McClellan Summation index downtrend and the index accelerated down.  Today, Wed July 7 will be day 10 for the NYSE, if the index indeed falls.

We are running out of time and space in my opinion for the next and immediate 50-125 pt S&P 500 index move to begin.  It likely begins today.  Tuesday was not a knockout punch though it was a good hard punch to smaller stocks.  Lets see if they can recover today or if they are joined by larger stocks heading lower.

NYSE McClellan Summation