Tuesday, December 31, 2013

Indicators: Watching for a Down Start for the Market in 2014

This is real short term stuff.
Contrary indicator: Gold reversed this morning's declines and is now up on the day by a few cents.

We've mentioned before that First Solar (FSLR) has shown some predictive ability, with anywhere from a 1 day to 1 week lag.
After being a major gainer during 2013 it is down 2% today.
Ditto for another of the more speculative issues, Tesla. Biggest gainer among major stocks in 2013, down 2.26% today.

S&P 500 Index 1846.36 up 5.29
DJIA 16,552.43 up 48.14.
TSLA $149.00
FSLR $54.51