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Intel Corporation Message Board

  • littlestewie88 littlestewie88 Mar 23, 2013 5:24 AM Flag

    Just A Thought

    Although the DJIA totally wiped out its loss from yesterday, the overall market wasn't as strong as it looked. Both the small and mid-cap stocks lagged. In addition, financials as well as the transportation shares, which had led the rally in the past several months, have been underperforming throughout the week. When the leaders in a trending market start to lose momentum, it sends a warning that the trend could start to change soon. Technically, the MACDs of the major indexes continued to head lower, suggesting short term momentum remained bearish. With that said, the stock market has demonstrated its resiliency since last Thanksgiving. We shouldn't try to get on the bear's band wagon until the trend really changes.

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