Yet Another Critical Week For The Nasdaq Composite!

Last week was an extremely turbulent week with the indices going up and down like rouge waves. Major indices were down for the week and the Nasdaq composite index is back down where we started last Monday. Like I said last week, it is again going to be a very critical week for the Nasdaq Composite as the index is again at a very dangerous position, a position that can decompose into a downwards, bear trend if it's 50 days moving average and the 2400 psychological support level do not hold. If that happens, it will not be long before the Dow follow suit.

This week is again going to be a stormy week for the US markets. There will be major "weather systems" formed by important economic releases such as the GDP numbers, FOMC release, oil inventories, jobless rate, chicago PMI...etc. (For a full list of the releases this week, please visit Option Trader HQ )Again, the markets will be torn apart by the inflation worries and depression worries camp. Too much good news activates the inflation worries camp and too much bad news activates the depression worries camp. Who wil reign supreme this week?





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