Wednesday delivered a blow to the bulls and flushed the broader markets on high volume. Double digit losses for the S&P 500 (SPX) and Nasdaq (NDX and COMPX) leaving the indexes back in Aprils range. The Dow fell 200 points and returned to March levels. Just one nasty sell off in the first hour that accelerated in the last half hour of the day. Crude didnt help matters with a rise of $5.14 closing at $136.45 and gold closed up $12.70 at $883.90 an ounce. Thursday we have early data that is capable of moving the market. Generally a big range [...]
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[Source: The Money Blogs]
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