In The Current Climate Anything Is Possible
The fallout from the Fed's bipolar comments on Wednesday turned into a crazy day of trading on Thursday, ahead of the early day.
By the end of the day, it was all for naught as most indexes ended the day near even.
The S & P 500 (SPX) bounced off of its 20-day moving average closing the day near even.
The small stocks in the Russell 2000 Index (RUT) had a similar day but ended up
in a bit better position than the large cap stocks.
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The Nasdaq Advance Decline line (NAAD) ended the day near even but slightly
higher on Thursday.
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