Market Direction for Today?

Markets Headed Down in the Short Term

The markets are headed down today says Oscar Carboni, and Apple is also headed further down, perhaps as low as 550 (not today). The charts look bearish as the S and P comes off a double top and other charts move down in their various parallel channels. Technical analysis is a very useful tool when it comes to trying to decide which way the stock markets are headed and one thing you can say about Oscar is that he ain't afraid to share his opinions!

Here's what he says about today's markets and why.

For futher information about technical analysis and understanding stock charts see here for the basics of stock charting or here for a cheap but well-reviewed ebook Jackass Investing: Don't do it. Profit from it. Take care and happy trading!