Off the Charts

Some traders are scratching their heads as the Dow and S&P are holding up well despite sizable losses in key companies like IBM (IBM), Intel (INTC) and Google (GOOG). On the flipside, financials and homebuilders are performing well, the reverse of what we have seen over the past few years. The S&P is still showing commitment to the longside as it digests the recent three-day rally. Holding above 1443-1448 would show commitment to the rally.

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