Sending Mixed Signals
There were some mixed signals in the market today as the Dow up 0.56% and the Nasdaq and S&P closed negative, down 0.76% and down 0.05%. Tech stocks were the weakest today, while financial stocks rallied despite Citigroup's (C) earnings miss today.
This market remains in a correction as the bounces are met by sellers. Thursday's rally into resistance zone of 1386-1390 was aggressively shorted throughout the day Friday as the tone was rather negative after weaker data out of China and a weaker-than-expected Michigan Sentiment Report....824 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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