The market is on track to be lower today. The Nasdaq market broke the critical 2100, DOW broke the important support of 11,000, and S&P is on track to break the 1250. Although the market is off from the lowest it set this morning after the news of more conflict from middle East and surging in oil prices, as well as bad corporate earning report from (CREE). Even though the market is tanking, the SOX index has stablized today.
My market sentiment is still the same. Hold cash for now!
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