Major Averges Encounter More DistributionPICTURED BELOW: The Nasdaq Composite gapped down and sliced below its 200 DMA line on Monday, closing in the lower half of its range. Most of the market’s leading stocks have held up rather well as the market pulled back. However, many of these leaders became vulnerable to serious price declines on Monday, leading to numerous 50 DMA breaches."Stocks Head for Higher Open in Anticipation of Goldman Sachs Earnings, Central Bank Plans."Commodity linked areas were big decliners on Monday as the Gold &a[...]
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[Source: The Money Blogs]
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