S&P 500, Nasdaq Take a Licking as Economic Doubts Grow

S&P 500, Nasdaq Take a Licking as Economic Doubts Grow



Here is an outstanding article about why the Dow fell almost -300 points on Wednesday, March 25.  Durable goods were down, and this is one of the leading indicators for the health of the economy.  Another report came from the Atlanta Federal Reserve where the GDPNow chart is almost at zero, meaning that the economy may be stalling out instead of getting better.



In addition, the author brought up a chart of $NYA, the NYSE Composite Index.  This chart shows a great amount of resistance preventing the NYSE from going higher.  In other words, you are better off being a trader rather than investor in today's market.  Stocks will most likely continue to move lower although we will probably have relief rallies.  When the market falls 7% or more, you will probably be able to pick up UDOW or TQQQ for a money making trade until the Dow goes back over 18,000.  Then, you should book your profit before the market falls again.