Insiders Intensify Selling as Market Exhibits a Change in Character
After recovering from the intraday lows, there was a change in character Thursday as the larger-cap equity indices declined as the rest rose. Meanwhile, investor psychology and bearish cumulative breadth divergences remain concerns and continue to suggest a fairly high level of risk exists. The major equity indices were mixed Thursday with the S&P 500, DJIA, Nasdaq Composite and Nasdaq 100 closing lower on the day although well above their intraday lows.
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