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This morning was ugly. The three indexes with inside days (S&P 500, Nasdaq and Russell 2000) gapped below the range of their inside days. The Dow Jones Industrial Average (DIA) fared the worst with a gap below the 50 DMA, …
Rather than following the recent pattern of testing support in the morning and then grinding higher, the four major indexes found support in the morning and then spent the day chopping sideways. There are inside days in Nasdaq (QQQ), the …
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I refuse to be lulled into complacency, but this is starting to feel familiar. The past seven trading days have seen the indexes open the day by testing/searching for support. After the support has been tested, theindexes then began their …
The morning was somewhat hair raising, as three of the four major indexes broke or threatened the low of last week. IWM and SPY broke the low but quickly recovered-closing higher. The Nasdaq (QQQ) held up the best. The Dow …
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