NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Stocks gapped higher out of the starting gate last Friday morning, but resistance of the S&P 500’s 200-day moving average immediately reversed the opening momentum. The major indices subsequently drifted gently lower throughout the day before finishing with mixed results. Despite giving up about half of its opening gain, the S&P 500 still ticked 0.8% higher. The Dow Jones Industrial Average similarly gained 0.5%. The small-cap Russell 2000 and S&P Midcap 400 indi[...]
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[Source: The Money Blogs]
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