NOTE: Please click on the charts below to enlarge them if they do not appear clearly.In last Friday morning’s commentary, we said, "With the S&P 500 in ’no man’s land,’ the Dow still below major resistance levels, and the Nasdaq trying to break out to a new intermediate-term high, the major indices are obviously out of sync with one another. Whenever this occurs, trading typically becomes whippy and indecisive." The subsequent action that followed that day certainly proved our expectation of indecision! Last Thursday, stocks gapped higher on the open,[...]
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[Source: The Money Blogs]
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