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Transcripts For FBC Countdown To The Closing Bell 20140203

At this very moment, 3 00 p. M. Eastern. The last hour of trading. You will know that song, im having a bad, bad day by the movie despicable me. Quite a few are probably feeling that way right now. Low of the session for the Dow Jones Industrials down 312 points, we are just slightly off that at the moment but there is a lot more to this story. The Dow Jones Industrials tumbling to the 50 Day Moving Average and went below that, the gray line you are seeing right here. Now were getting close to a similar trajectory for the 200 Day Moving Average, and that is the blue line. It becomes problematic. Why does this matter . A closely follows the chart and what they do is they set they sell order to trigger once these levels are broken as they suggest a trend to the downside. The triggers has been hit, in the meantime we should mention auto sales which have had a huge run recently ran out of gas but not for every auto company. Ford and gm, yes, a drop in january sales due to the extreme janua

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