Thursday, August 23, 2007

S&P 500 Coming Into Major Resistance

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Like the previous day, stocks chopped around in a narrow range before finishing modestly higher. Blue chips showed relative weakness, causing the Dow Jones Industrial Average to slip 0.2%, but the Nasdaq Composite gained 0.5%. Both the S&P 500 and small-cap Russell 2000 ticked 0.1% higher, while the S&P Midcap 400 advanced 0.2%. This time, the major indices showed less conviction into the close and finished lower in their ranges. The Dow closed in the bottom third of its intrada[...]

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[Source: The Money Blogs]

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