We've now had two distribution days in a row in the market. Yesterday's post-Fed selling really did damage to a lot of intermediate-term uptrends. The NASDAQ looks real precarious here. I don't see much support on the daily chart until we hit the 2,000 area, which is the December highs. Its 50-day moving average also happens to sit at 2,001 right now.
Surprisingly I'm still coming up with more long candidates than shorts. I'll be real surprised if they actually trigger though. We'll see.
