This is a note I posted today late in the morning. If you would like to get posts like these on a more timely basis...as well as receive my daily comments and "The Weekly Top 10" piece, please join us and subscribe to "The Maley Report" by clicking here.

If (repeat, IF) the stock market sees more weakness today, We’ll be watching the 13,000 level on the Nasdaq Composite. 13,000 was the intraday lows from last Tuesday, last Friday and this past Monday for the Nasdaq Composite...so it’s a near-term support level. However, more importantly, it is ALSO the “neck-line” of a “head & shoulders” pattern...AND it is ALSO where the trend-line from last March comes-in! (We’d note that the same is true for the 12,750 level on the NDX Nasdaq 100 Index.)

If the Nasdaq Composite fell that much, it would be down less than 8% from its all-time highs, so we are certainly not calling the 13,000 level an vitally important “line in the sand” support level. However, a meaningful break below 13,000 (and a meaningfulbreak below 12,750 on the NDX) will still be a compelling warning signal if (again, IF) it takes place. Therefore, it’s something we’ll be watching quite closely for the rest of today...and the rest of this week.

Matthew J. Maley

Managing Director

Chief Market Strategist

Miller Tabak + Co., LLC

Founder, The Maley Report

TheMaleyReport.com

275 Grove St. Suite 2-400

Newton, MA 02466

617-663-5381

mmaley@millertabak.com

Although the information contained in this report (not including disclosures contained herein) has been obtained from sources we believe to be reliable, the accuracy and completeness of such information and the opinions expressed herein cannot be guaranteed. This report is for informational purposes only and under no circumstances is it to be construed as an offer to ...

This is a note I posted today late in the morning. If you would like to get posts like these on a more timely basis...as well as receive my daily comments and "The Weekly Top 10" piece, please join us ...

If you would like to get these unique insights on a regular basis during these fascinating times in the investment world, please click here to subscribe to “The Maley Report.”......Thank you very much.

THE WEEKLY TOP 10

Table of Contents: ...

It was an ugly day in the stock market yesterday as the 2.4% drop in the S&P 500 and the 3.5% dive in the Nasdaq came on a decent sized increase in volume and very poor breadth. In fact, the ...

As we highlighted yesterday morning, large intraday-reversals (like the kind we got on Tuesday) almost always see some sort of upside follow-through over the very-short-term. That is exactly what we got yesterday...as some more dovish comments from Chairman Powell helped ...

We had a widely divergent market yesterday...as some groups rallied strongly as others got hit hard. In other words, the rotation that we’ve seen in the stock market in recent months was on steroids yesterday. Therefore, even though the S&P ...

I hope you have been enjoying the “Morning Comment” and “The Weekly Top 10”.....We will be ending our extended free trial of the newsletter on March 1st, so if you want to continue to get these unique insights during these ...

Uneventful days have been few and far between over the last several months in the stock market (and for the last year for that matter), but we’ve had several of them recently. Yesterday was another one of those days...as the ...

It was definitely a good day for the stock market...as the S&P, Nasdaq and Russell 2000 all closed at record all-time highs. We must say that the “internals” of the market weren’t all that great. The breadth for the S&P ...

Our call that the short-term rally in silver would not last very long at all...and our call that the heavily “squeezed” stocks that had rallied so strongly recently...were very vulnerable to a big decline...worked-out quite well yesterday. Silver basically gave-back ...

We must admit, we just don’t see the big short position in the silver market. Maybe it’s out there...and we just can’t see it. However, when we look at the Commitment of Traders (COT) data, it shows that the net ...

Just a reminder, we are only putting out one “version” each weekend now. The first paragraph will be in bold letters and will serve as the old “Short Version” of the piece (usually a condensed review of the “Long Version.”) ...