Off the Charts
It was a very quiet session today as stocks traded within a tight range. The indices closed the day around the flat line as they remain in a controlled pullback from Friday's high. In today's quiet session, the most notable moves were in Apple (AAPL), which closed above $700 for the first time, oil, which closed negative for a second straight session, and FedEx (FDX), which reported earnings this morning and closed the day down 3.06%.
The S&P 500 has seen sizable gains for the month of September, up just over 3.5% currently. The market could continue digesting recent gains before making another advance higher. Overall, the trend remains to the long side and dips should be trusted going forward. Continue rotating through good-looking chart patterns as you find trades for cash flow. It is a fairly slow week in terms of economic data giving the market more reason to consolidate....627 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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