Major US Averages Avoided Selling Off Badly Despite Global RipplesPICTURED BELOW: The S&P 500 Index had rallied up to near its 50-day moving average (DMA) line with lighter than average volume behind its recent gains. After encountering resistance near its 50-day moving average (DMA) line, its recent losses also came on lighter than average volume. Volume totals on Monday were lighter that the prior session’s totals on the NYSE and on the Nasdaq exchange. Decliners led advancers by more than a 18-to-15 ratio on the NYSE and by a 19-to-11 ratio on the Nasdaq ex[...]
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[Source: The Money Blogs]
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