Wednesday gave us a sell off across the broader markets on mixed volume. The NYSE was on higher volume and the Nasdaq on light volume. Market breadth was incredibly heavy throughout the day, the VIX also closed up and now just a few points off the highs from last week. Crude started seeing some pressure off the storm brewing in the Gulf of Mexico and closed up 76 cents at $72.38 a barrel. Gold fell on the day down $1.20 at the bell to $679.70 an ounce. Semiconductor sector closed just over 78.6% retracement and fell out of the 4 day consolidation[...]
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[Source: The Money Blogs]
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