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Markets Consolidate, AAPL Breaks Key Support Trend Line

Posted, by inthemoneystocks on June 26th, 2012

Stocks are trading slightly higher on the day after an ugly drop yesterday. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $131.86, +0.60 (0.46%). This is a classic consolidation day and should be viewed as a bearish inside bar. Ultimately, based on the charts, this market will have more downside into the end of the week.  ....

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Authored by, inthemoneystocks
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Tickers:
AAPL | FB
Tags:
Economy, AAPL, FB
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