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Wednesday, May 18, 2011
S&P500 Tests 50-day Moving Average (and Passes)
The S&P500 and Nasdaq tested, traded through, and closed above their 50-day moving averages aided by a huge reversal in Apple, the rest of tech, and an impressive late day broad market rally.�� Another positive was the behavior of the VIX, which fell 3.8 percent from yesterday?s close. The key question is ?was that it??�� [...]
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