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S&P 500: 1,317.60 Change: -0.18%
btdstocksrating
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btdstocksrating's Blog : BTDStocks.com Current Commentary-Wednesday, August 18, 2010

Date August 19, 2010  Edited: August 19, 2010    Comments Comments (0)    Rate this post Recommend This Post (75)   
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Current Commentary ->

Both the DJIA and S&P 500 sit above their 50-day movings averages since yesterday's close. However, the Nasdaq Composite tested but failed to close above the 50-day moving average today. We will be watching the action in the Nasdaq Composite closely to determine where the stock market direction is headed.

Current Open Positions ->

Our model is currently holding a short position in symbol MELI.
Our model is currently holding a short position in symbol PCLN.

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