Scalper1 News
Major averages fell on higher volume with the NASDAQ Composite closing below its 200-day moving average. The routine global economic concerns and a downturn in bank stocks caused most of the selling pressure. Currently the indexes remain in a choppy range, although the number of distribution days has been increasing. Futures are up over half a percent as oil trades higher and three Fed heads, former and current, Alan Greenspan, Ben Bernanke, and Janet Yellen, all assured the world that the U.S. economy is fine. It remains to be seen whether this mornings gap-up open will hold up, and investors should ensure that their stop-losses remain firmly in place. Scalper1 News
Scalper1 News