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NASDAQ Hits Resistance; The Battle at the 200dma is On!

May 15, 2008

A tame inflation report from the government, believe it or not helped stocks push higher throughout the trading session. The NASDAQ was able to take by storm its 200dma however selling ensued late in the trading session pushing the NASDAQ down near intraday lows. Volume swelled on the NASDAQ while NYSE logged lower volume on the day. Leading stocks took a hit as the IBD100 was down more than 1%. Although the index is loaded with oil and gas names its never a great sign when you see a … [visit site to read more]

NASDAQ Hits Resistance; The Battle at the 200dma is On!

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