October 17th 2011 Stock Market Recap + Key Earnings (tradermike)
The market finally started to cool off as worries came hot off the press that
Germany was still hesitant about bailing our Europe. Don’t let that fool you
though as the primary reason for the selling; we were way overbought heading
into today. While the NASDAQ successfully marked higher highs last Friday, the
S&P 500 did not which makes it the key index to watch right now. Volume
continues to trade very low and until 1230 is broke caution should continue to
be noted.
Original Post: October 17th 2011 Stock Market Recap + Key Earnings
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