NOTE: Please click on the charts below to enlarge them if they do not appear clearly.As anticipated, the major indices resumed their newly formed intermediate-term downtrends yesterday. This time, even the Nasdaq succumbed to the selling pressure. Both the S&P 500 and Dow Jones Industrial Average fell 1.1%, as the Nasdaq Composite dropped 1.2%. The small-cap Russell 2000 and S&P Midcap 400 were lower by 1.0% and 0.8% respectively. A bounce in the final forty-five minutes of trading lifted stocks off their worst levels of the day, enabling the[...]
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[Source: The Money Blogs]
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