NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Stocks snapped their near-term winning streak yesterday, as the broad market came under solid distribution. After opening slightly lower, the major indices quickly settled into a steady intraday downtrend that persisted into the close. The S&P 500 and Dow Jones Industrial Average both fell 1.4%, while the Nasdaq Composite shed 1.8%. The small-cap Russell 2000 plummeted 3.0%, but the index also showed relative strength and gained the most during the market’s recent rally. [...]
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[Source: The Money Blogs]
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