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  1. Price Turns Back at Resistance - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    Resistance at the February peak manifested today as price was rejected and the market fell back.

    namor's Vegas Boxer Account Talk-s-p-500-png
    namor's Vegas Boxer Account Talk-dwcpf-png

    It was nothing dramatic. Price is very likely to probe resistance again very soon given the relatively moderate pullback.

    namor's Vegas Boxer Account Talk-nyad-png

    Breadth has fallen off recently, but does remain bullish.

    Tomorrow is Thursday and that's when we get a fresh
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  2. TSP Talk: New highs on extemely low volume?

    Stocks were mixed on Tuesday with the Dow shedding 67-points while the S&P 500, and particularly the Nasdaq, did well. Small caps and the Transports were down, and bonds rebounded for a 2nd day. The modest gains in the S&P 500 were enough to finally push it to an all-time high, but it kind of limped over that finish line, rather than sprinted. Wal-mart earnings led to a strong open for stocks, and then things got quiet and became a slow summer day of trading.

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