Off the Charts

The S&P broke its 8-day winning streak today in another low volume trading day. For the first time in eight sessions the S&P also broke below a prior day's low and closed below it. The S&P finished the day down 0.37%.  

The market has seen a steady climb higher since the June 24th low as it traded back to new all-time closing highs. The question now becomes: was today a pause in the rally or does it foreshadow further weakness going forward? Tomorrow morning Fed Chairman Ben Bernanke speaks in front of the House Financial Services Committee at 8:30 AM ET, so today could have been some profit taking in front of that event....621 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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