The Gap is Getting Filled

Today’s sell-off took the NASDAq back down into the gap that gap from two Friday’s ago. As I write this, the after-hours reaction to Intel’s earnings/guidance is taking it a bit lower. There are still a few points until it will hit its 50-day moving average and the bottom of the gap — both are around 2015. The Naz should find support in that area. I’ll be making my watchlist of stocks I want to buy when and if that support holds.

NASDAQ Daily Chart