Monday brought more pressure from the bears, but on light volume. The Nasdaq Composite and Nas 100 took out the January lows. The S&P 500 along with the Dow held just over the January lows, very touchy area for this market. Along with a heavy market we had oil in the rally bus. Oil saw $108.21 for an all time new high, but closed at $107.85 up $2.70 on the day. Gold closed down 40 cents at $973.80 an ounce. Technically speaking the Nasdaq is reaching oversold conditions on the daily charts. The stochastics are often the first indicator t[...]
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[Source: The Money Blogs]
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