Distributional Pressure Hurts Averages as Leadership WanesPICTURED BELOW: The Nasdaq Composite closed below its 50-day moving average line (DMA) for the 3rd consecutive day. The NYSE Composite closed below its 50 & 200 DMA lines. In the past couple of weeks the S&P 500 Index’s 50 DMA line converged and crossed under its 200 DMA line, and the benchmark index ended the year trading below both of those important moving average lines. The small-call S&P 600 and Russell 2000 Index saw their moving average lines converge and cross over weeks earlier, and they ended[...]
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[Source: The Money Blogs]
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