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Originally Posted by coolhand

The bulls came out early and strong again today, but like yesterday the bears mounted an attack to drive price back down. We ended up with a mixed close, but it's the bulls I have to give the nod to because they are holding price above the 50 dma to this point.

Attachment 47191
Attachment 47190

Price remains not terribly far above the 50 dma. A retest of the 50 dma is still very possible. Momentum dipped on the S&P.

Attachment 47192

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Originally Posted by coolhand

The bulls came out early and strong again today, but like yesterday the bears mounted an attack to drive price back down. We ended up with a mixed close, but it's the bulls I have to give the nod to because they are holding price above the 50 dma to this point.




Price remains not terribly far above the 50 dma. A retest of the 50 dma is still very possible. Momentum dipped on the S&P.

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Stocks opened higher on Tuesday but faded later after some selling in Apple, which has become such a big part of the big three indices. The Dow, which was up about 240-point near the opening bell, lost all of those early gains and closed basically flat at +2. The Nasdaq held onto a strong gain, while the broader indices saw gains but also faded in afternoon trading.

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