Tuesday another narrow range digestive day for the markets and left us slightly red. Volume increased slightly today over Monday and that means distribution days technically speaking. It is not a significant drop or volume, just happened to be slightly red and on a little more volume than yesterday. Volume has dropped under the 50dma, which we could see until the FOMC meeting on Tuesday (next week). Crude fell off down $1.08 to close at $88.25 a barrel. Gold rallied for the second consecutive day to close at $801.30 up $13.00 an ounce. Our [...]
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[Source: The Money Blogs]
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