NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Resistance of the 50-day moving averages on the S&P and Dow "did its thing" yesterday, causing stocks to pull back and retrace several days of gains. The broad market gapped down on the open, then drifted sideways to modestly lower throughout the rest of the day. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite posted identical losses of 0.9%. The tech-heavy Nasdaq 100 Index dipped just 0.3%, but the small-cap Russell 2000 tumbled 1.5%. The S[...]
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[Source: The Money Blogs]
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