Before I get started I wanted to thank David Gaffen for quoting me the other day in the Wall Street Journal. I have been quoted several times in the journal over the past year and it is certainly thrilling and each time I see myself in print or on the internet. Anyway....
The broad market index (S&P) gapped lower today today and never looked back. The push lower moved the major indices we follow back in a neutral state. Interestingly enough, the tech heavy Nasdaq 100 (QQQQ) surged higher creating a short-term divergence .......
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Kindest,
Andrew Crowder, Chief Options Strategist, www.crowderinvestments.com