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Russell 2000 takes biggest loss but trading range unchallenged

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Only one index suffered a loss of potential consequence, but given the Russell 2000 is range bound the near 1% loss didn't do a whole lot of damage.  The 50-day MA remains as uncharacteristic resistance in a range bound scenario, but it makes tracking supply relatively easy as long as it stays as resistance. I have drawn in a bearish wedge, with a measured move target down to monitor. 

Dow builds on breakout as Russell 2000 remains in limbo

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More of the same with only the Dow Jones Industrial Average adding to its breakout as the Russell 2000 again continues with its "non-event" slush trading.  The Dow Industrials is building on its breakout, following the lead of the S&P which has continued to log small gains throughout the summer.  The Dow Jones Industrials is net bullish in technicals backed by a solid bullish trend in On-Balance-Volume, but overall - it's a bit of a laggard.

Nasdaq Losses But Markets Are Generally Unchanged

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The Nasdaq took a small loss, but not enough to undercut the 20-day MA.  Trading volume was also light, typical of holiday trading. Headline writers will want to create a story here but there isn't a lot to work with here - and even less in other indices. 

Dow Breakout as Russell 2000 stalls at 50-day MA

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The Dow Jones Index clears resistance dating back to April, although the S&P has long since made it out of its base.  The move in the Dow came with a fresh 'buy' signal in the MACD and a solid accumulation trend in On-Balance-Volume.

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