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Originally Posted by coolhand

The bulls owned the morning session, but then the bears stepped in and took control in the afternoon. All in all the close was kinda neutral (mixed).




Price didn't move far off the neutral line today. I do note that price on the DWCPF, which was moving higher fairly well in the morning session, fell apart in the afternoon. That does not bode well for small caps as price was rejected near the trend line

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Stocks opened lower yesterday after the FDA announced that it is pausing the Johnson & Johnson COVID vaccine, but as the day wore on the news of benign inflation Consumer Price report came out and helped push prices higher. The Dow lost 68-points but the broader indices performed quite well, although a late dip took them off their highs.

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