Apologize for the lack of updates. Work was extremely busy yesterday.
As mentioned last friday - the market was in overbought territory, and we're seeing an expected pullback.
ISM was released earlier than expected this morning, and came in at 41, a much worse than expected reading. Very interesting reading - not sure if it's accurate, but the market is using it as a good excuse to take profits.
Another volatile day. Eventually the market will stabilize, but meanwhile traders are making the most of it.
GOOG is showing some relative strength today. It has dropped over 250 points in 1 month, and "looks" oversold. Don't know if the market can recover from the bad data, but if it does, GOOG could rally quite nicely.
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