NLX NASDAQ Turns Bearish

Stocks closed with steep losses for a third straight day Friday, paced by technology shares, which suffered from analyst downgrades and concerns that Ben Bernanke might not get confirmed to a second term as Federal Reserve chairman. 

For the holiday shortened trading week, the NYSE tanked 4.43% while the NASDAQ slid 3.61%.

Since March 23, 2009, when the NLX NYSE turned Bullish, the NYSE has gained 38.35%.  

Since November 9, 2009, when the NLX NASDAQ turned Bullish, the NASDAQ has gained 2.38%.

NLX NYSE -70

NLX NASDAQ -114

These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.

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