Off the Charts

Stocks slid lower in today's session as the market opened negative and trended lower for most of the session. The indices closed the day in the red with the S&P finishing down 0.57% (back below 1700), the Dow down 0.60% and the Nasdaq down 0.74%.

Today's selling wasn't extreme, but in a thin summer tape it's at least cause to be more alert and tread lightly. Was today "Day 1" of what could lead to a pullback/correction in the market or was it just a minor hiccup in the rally? Since the June low, the S&P has rallied more than 8% and since the start of July it has gained more than 5.5%. In this most recent leg higher, the action has been a fairly lackluster although there has been no reason to fight the uptrend....554 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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