NOTE: Please click on the charts below to enlarge them if they do not appear clearly.After an uneventful two-day pause, stocks resumed their intermediate-term downtrends yesterday, causing several of the benchmark indexes to finish at fresh August lows. This time, there was not even an opening gap. The broad market began the day flat, then simply trended steadily lower throughout most of the session. Upon testing support of their August lows at mid-day, a few of the major indices attempted to reverse, but the rally was short-lived. The S&P 500 plunged 1.8%, the Nasd[...]
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[Source: The Money Blogs]
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