Thursday, June 19, 2008

Resumption Of Primary Downtrends

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Stocks chopped around throughout the first half of yesterday’s session, but a late-day sell-off caused the major indices to pull back substantially. The S&P 500 gave up an intraday gain of 0.7% to finish lower by the same percentage. The Nasdaq Composite also lost 0.7%, though it only showed a gain of 0.3% at its peak. The Dow Jones Industrial Average was lower by 0.9%. The S&P Midcap 400 only slipped 0.1%, but the small-cap Russell 2000 fell 0.6%. All [...]

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[Source: The Money Blogs]

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