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Daily Market Commentary

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  1. Choppy but fairly flat close for the large caps


    Stocks ended the day with slight to moderate gains depending where you looked. The Comey testimony turned out to be basically a non-event as far as the market goes. There were some intraday swings on the Dow which was up about 90-points at the highs and down points 35-points at the lows, but the battle was a stalemate and at the end of the day the Dow was up 9-points and the S&P was up less than 1. The Nasdaq on the other hand, saw
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  2. Quiet action before Comey testimony


    It was another slow, low volume day with the bulls and bears ping ponging between a small loss and small gains. The Dow ended the day up 37-points. Oil was hit hard again and that helped the Transportation Index, which is a market leader, but it puts a bit of a drag on the other indies.

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  3. Weak open, weak close, modest losses


    Stocks opened lower on Tuesday, attempted a few midday rallies, but a late push lower sent the indices closer to the opening lows of the day. The Dow lost 48-points on the day and the losses were modest with the majors dipping 0.01% to 0.03%, but it was the way the day played out that was more concerning than the actual losses.

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  4. A day of rest after new highs last week


    Stocks took a needed rest after two big positive days to end the week last week. Rallying on the
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  5. Stocks coming off week of new highs


    Stocks rallied strongly again on Friday despite a jobs report that came up well short of expectations.
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