As of the close today the general market indexes have made little progress over the past two weeks. On the surface it doesn't look like much has happened, but this stalling action has resulted in corrections and pull backs in the underlying stocks. .
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| NYSE Stocks Above 10 MA |
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| NYSE Stocks Above 20 MA |
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| NYSE Stocks Above 50 MA |
As of now it looks like this is a correction through time and rotation. With options expiration coming up in two days, this stalling action may continue until next week when the meat of earnings season commences, which may act as a catalyst that defines the next directional move as many of the heavily weighted stocks that move these indexes announce their results.
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