Off the Charts

The market saw a strong reversal today after the three-day slide this week. The indices closed the day on highs after the S&P held support of the 50-day moving average. The S&P finished the day up 1.48%, the Dow up 1.21% and the Nasdaq up 1.32%.   

Today's bounce back was strong as it retraced any key levels of resistance from yesterday's sell-off. I'm not sure if the market just takes off running after today's potent move higher, however it does make us take a more neutral stance on the market as the S&P continues to navigate this upper level range....277 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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