There was blood on Wall Street for the past 2 trading days. The question now on everyone's lips is whether if there will be another leg down; its a very high possibility there stocks will see further downside if we are to take out the lows back in Aug 2011. Let's check out the Dow Jones index and some other stocks on my watch list.
Dow Jones Index - The index broke down from its bearish wedge and is now at a very crucial support. If this support gives way, new lows will be imminent.
Bank of America
In the midst of doom and gloom, some stocks are holding out better than the rest. These stocks definitely have to be on our watch list, without a doubt.
Pharmacyclics, Inc (PCYC)
MITK
Dow Jones Index - The index broke down from its bearish wedge and is now at a very crucial support. If this support gives way, new lows will be imminent.
Bank of America
In the midst of doom and gloom, some stocks are holding out better than the rest. These stocks definitely have to be on our watch list, without a doubt.
Pharmacyclics, Inc (PCYC)
MITK
No comments:
Post a Comment