On Tuesday, the Seven Sentinels triggered an unconfirmed sell condition and one more day of significant selling pressure could have made it an official signal. But the market has rallied the past two days since that unconfirmed sell was issued.
Stocks did see some selling pressure not long after the open and went from gains of about 1% to losses after the first half hour of trade. But the selling didn't last long at all as the market instead chopped its way higher and closed near
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11/03/11 The market saw a light volume relief rally yesterday on a day marked by the Fed expressing some concerns over the sluggish economic recovery. The Dow gained 178-points. For the TSP, the C-fund was up 1.61% yesterday, the S-fund gained 2.22%, the I-fund added 0.81%, and the F-fund (bonds) slipped 0.04%.
The S&P 500 closed just above
After two days of hard selling the market bounced. But does it mean the selling is over for the short term?
The European crises revolving around Greece was tempered today, as the European Central Bank will be weighing in on the Greek referendum before they (ECB) issue their next policy statement. That statement gets released tomorrow. That could be a market mover
Our own Central Bank (the FOMC) released a scheduled policy statement this afternoon. Not much changed,
Updated 11-03-2011 at 05:53 AM by coolhand
Stocks fell sharply yesterday as the once certain Greek bailout became questionable again after the Greek prime minister decided to bring it to a vote in his country before agreeing to the bailout. The Dow lost 297-points.
For the TSP, the C-fund lost 2.79% yesterday, the S-fund fell 3.28%, the I-fund dropped 2.93%, and the F-fund (bonds) gained 0.52%.