NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Stocks got off to a positive start yesterday morning, moved higher throughout most of the day, then fell victim to a bearish reversal in the final ninety minutes of trading. Resistance of the Nasdaq Composite’s 200-day moving average was a major culprit of the broad market’s late-day weakness. Up 1.3% at its intraday high, the Nasdaq Composite finished just 0.1% higher. The S&P 500 and Dow Jones Industrial Average, both of which experienced similar selling into the close, still retain[...]
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[Source: The Money Blogs]
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