The Traderszone Network

Published in TZ Latest News 14 August, 2014 by The TZ Newswire Staff

Thursday Market Wrap-New Name

For the day the SPX/DOW were +0.40%, and the NDX/NAZ were +0.45%. Bonds gained 5 ticks, Crude dropped $2.15, Gold added $1, and the USD was lower.  We ended the day pretty short term overbought, as you can see in the chart below, what was some support, is now some resistance, so be a little careful. We are up against some lateral resistance as well as the 50 day moving average now.

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