Off the Charts

The S&P found its footing today after yesterday's sharp sell-off but pared gains in the afternoon to finish only narrowly positive. Anxiety about the potential military escalation in Syria seems to have calmed temporarily, although the threat still looms large. The indices drifted higher in the morning but lacked any real potency. The S&P, Dow and Nasdaq finished up 0.27%, 0.33% and 0.41%, respectively.

Today we saw several reversal set-ups play out in stocks, but there wasn't enough power to make us excited about holding swing long positions. There is a lot of "gap risk" right now because of the potential for overnight news, so it's best to stay nimble and short-term tactical for now....959 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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