The Traderszone Network

Published in TZ Latest News 28 August, 2015 by The TZ Newswire Staff

IBD 50 Endures Tough Week; Some Charts Intact, Others Not

Whew. What a week. After falling as much as 9%, the Nasdaq notched a weekly gain of 2.6%. Upside reversals seen in both the Nasdaq and S&P 500 had the look of capitulation which is often seen at market bottoms, but the market remains in a correction until proven otherwise. After dropping as much 12%, the IBD 50 added 1.8% for the week.

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