The Traderszone Network

Published in TZ Latest News 7 October, 2014 by The TZ Newswire Staff

Tuesday Market Wrap

Hard to sugar coat this one. The underpinnings seemed to snap today as stocks ran lower.  It is possible that they want to go down and retest last week’s lows (SPX 1926 intraday)  and run it higher again.  This remains to be seen.  For the day the SPX/DOW were -1.55%, and the NDX/NAZ were -1.50%. Bonds rallied 21 ticks, Crude dropped $1.55, Gold rose $4, and the USD was lower.  Support levels right now are 1928 and 1900.

Its unsettling to see the Russell 2000 act so poorly and its back to important support at today’s closing level.

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