Dead Cat Bounce on the Dow?
Yesterday the Dow bounced off its 200 EXMA and set the lows for the day. However this morning the Globex futures are zooming. As I am writing the Dow futures are up close to 90 points or .60%. Yesterday the Nasdaq fell below the 50 EXMA. This is also not a positive sign. The VIX fell back on the day from spike high levels of 2013. Time will tell if we put in a bottom however with all the political games one must keep to their trading plan and not waver. During times like this it is quite possible to be whipped around.
Past performance is not indicative of future performance