The markets are pulling back today, after yesterday’s huge rally. The big culprit today is the energy and commodity complex. Profit taking is underway in these sectors, and all of the stocks are down big.Oil and gold are down -3.4% and -3.9%, respectively. This is causing big declines in the energy stocks, and even bigger declines in the agriculture and mining names. Take a look at the DBA commodity ETF to see what I am talking about. It is piercing below its 50-day moving average on surging volume. These stocks have been so strong for so long tha[...]
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[Source: The Money Blogs]
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