The Traderszone Network

Published in TZ Latest News 2 August, 2014 by The TZ Newswire Staff

Homebuilders Lead Bear Attack on S&P 500

Warning signs have piled up for months, but there have been few breakdowns to confirm all of these bearish signals.  That changed last week as volume surged leading to breakdowns across many of our major indices, sectors and industry groups.  One obvious problem was the S&P 500’s inability to protect its 50 day SMA.  Check out this 6 month chart:

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