1. 3,274 Posts.

    "The major stock indexes traded modestly in the red all day today, providing no follow-through to yesterday's rally. Officially, the NASDAQ fell 0.3% on 1.75 billion shares, while the Dow Industrials dropped 0.4% on NYSE volume of 2.2 billion shares. The leadership profile remains bearish, with 91 new highs versus 134 stocks making new lows.

    Our short term momentum oscillators remain negative, confirming the bearish stance of the primary trend indicators, thus we have a new short selection below for the GrQ/8 portfolio.

    The NASDAQ continues to trade up and down around critical support of its 200 day moving average, though the volume characteristics continue to suggest a breakdown to new corrective lows is the more likely outcome."
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