U.S. Stocks sold off sharply on Friday on the back of some more weak economic news suggesting that the 3rd Quarter GDP is being followed by disappointment in the 4th Quarter. The Nasdaq closed below its October 1st close. The Russell 2000 and Dow Transports accomplished that feat on Wednesday. Volume was heavy. This market looks like it has further to go on the downside.
More to come on the weekend.
Scott Cole
www.bestdaytradingstocks.com
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