Europe Still Casts a Long Shadow
The good news is that we trended higher most of the day despite the troubling problems in Europe. The bad news is that we still had a sizable loss and lousy breadth. It is always a good sign when we have steady intraday buying, but it didn't do much to shift the big picture, which looks rather bleak.
Technically, the S&P 500 held above key support at 1333, which is the 50-day simple moving average, but you have to wonder if a deeper test is in the cards, given the poor news flow out of Europe....132 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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