The first trading day of April is shaping up to be very bearish, lest there be a miracle late-day rally. The Nasdaq is down over 250.00 points as I type this. Today’s date is April 2nd, so this is not an April Fool’s joke – the sell-off is real.
The market is down on general weakness and is testing the early February lows, which the Dow has already reached. The Nasdaq, however, still has room to fall. Will it test the 6000.00 level this week?
Keep your powder dry and be ready for some extra-special sale prices soon.