NOTE: Please click on the charts below to enlarge them if they do not appear clearly.The broad market followed through on the previous afternoon’s bearish reversal, causing the major indices to close substantially lower. Stocks gapped lower out of the starting gate, then drifted lower throughout the entire day. The S&P 500 shed 0.9%, the Nasdaq Composite 1.0%, and the Dow Jones Industrial Average 1.5%. As it has done for at least the past month, the S&P Midcap 400 Index continued to show impressive relative strength by slipping just 0.2[...]
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[Source: The Money Blogs]
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