Tuesday, October 30, 2007

Market Review

Newsletter, Members Click Here. To Subscribe - click Bull icon.Minor losses on mixed volume; there was a registered distribution day for the NASDAQ, but other indices eased on light volume into the second day of the Fed meeting. But even the NASDAQ distribution day is likely to be overshadowed by whatever reaction comes from the Fed rate decision.

Two indices to watch are the semiconductors - which are deep in trouble:

and Transports - which are trading a fine line of 50-day MA support, and well off confirming Dow highs: