NOTE: Please click on the charts below to enlarge them if they do not appear clearly.After gapping down on the open, the broad market attempted to recover throughout the morning, but stocks ran out of gas just before noon. Sellers subsequently took control, causing the major indices to careen past their opening lows shortly thereafter. Selling pressure intensified in the late afternoon, where the broad-based indexes eventually closed at their intraday lows. The S&P 500 suffered a 3.0% decline, the Dow Jones Industrial Average 2.8%, and the Nasdaq Composite 2.2%. The[...]
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[Source: The Money Blogs]
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