Off the Charts

The market shrugged off a disconcerting three-hour outage in the Nasdaq exchange to finish the day with healthy gains. The Nasdaq, in fact, was the strongest index, gaining 1.08% while the S&P finished up 0.86% and the Dow up 0.44%.

Despite yesterday's weak close following the Fed's opaque minutes, the market gapped up at the open today and continued a steady climb throughout most of the session in a very thin, low-volume tape. The S&P rallied back to its 50-day moving average and paused at that level. Will the 50-day act as resistance or can the S&P reclaim the level?...507 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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