NOTE: Please click on the charts below to enlarge them if they do not appear clearly.It was not surprising that stocks retraced some of their huge gains of the preceding two days, but the extent of yesterday’s sharp pullback was undoubtedly more than the bulls wanted to see. After opening near the flat line, the major indices trended steadily lower throughout the entire session. The Dow Jones Industrial Average shed 3.3%, the S&P 500 3.8%, and the Nasdaq Composite 4.2%. Small and mid-cap stocks, which showed the most relative strength during the recent rally, sold of[...]
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[Source: The Money Blogs]
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