(Pivotal means short-term bullish above that level and bearish below) The divergence between growth and value continues to widen S&P 500 (SPY) 615 July low to hold Russell 2000 (IWM) 215 July low to hold Dow (DIA) On the 50-DMA but below the July range low Nasdaq (QQQ) 545 the July low to hold 562 the range high to clear Regional banks (KRE) 59 the July low and very pivotal Semiconductors (SMH) 280 pivotal 272
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