Tuesday, May 15, 2007

End-of Day Tuesday

So, the DJIA closed near its all-time high, while the S&P500 met with some support via its 10-day EMA. However, the Nasdaq and Russell2000 both fell through their support levels. The Nasdaq fell below it's 20-day EMA (on above-average volume) and into February 26th levels. Meanwhile, the Russell2000 closed under it's 50-day EMA.

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