The Traderszone Network

Published in TZ Latest News 26 May, 2015 by The TZ Newswire Staff

A One Percent Day

It wasn’t a good start to the shortened week for the stock market.  Each of the major indices fell at least 1.0% as buyers proved to be a reluctant bunch.  That weakness started early and it continued for most of the day, which saw the S&P  flirt with testing support at its 50-day simple moving average (2096).  The fact that the S&P 500 didn’t pierce that level was perhaps the lone bright spot in Tuesday’s action, which saw all ten sectors lose ground and all 30 Dow components end with a loss.

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