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Stocks were very mixed yesterday as the Dow saw a respectable 83-point gain, while the Nasdaq dropped 23-points thanks to a 6% loss in Apple's stock, and the S&P picked up a modest 2-points.
The Dow finished 55-points off its intraday high but still managed to regain and hold the 13,000 level.
Stocks continue to look for direction as the Dow floated between gains and losses all day and closed slightly lower losing 13-points on the day.
Stocks opened higher yesterday but sellers quickly stepped in and took the Dow into negative territory and, closing near the lows of the day, the Dow lost nearly 60-points.
By the close on Friday, stocks were mostly flat although the intraday action saw the indices bounce between gains and losses for most of the day. It seemed investors didn't know whether to buy or sell before the market closed because of the potential for fiscal cliff news over the weekend. The Dow gained 4-points on the day.
Not much change in allocations going into the new week. Here's the charts:
The Top trimmed their stock exposure by 6.9% to a total allocation of 53.3%. Bond exposure fell by 11.9%.
The Total Tracker saw stock allocations dip by only 2.36%. Total stock allocations for this group are conservative at 45.13%.