A Blow-Off Top in Oil?
The intense overnight action is a fitting start to the week.
Technical Edge
NYSE Breadth: 35% Upside Volume
NASDAQ Breadth: 29.5% Upside Volume
The markets are off the overnight lows, which is a positive development for the bulls, but it was a busy Globex. Stocks fell, oil ripped and gold cleared $2,000 an ounce.
That said, the S&P still looks like it could be set for a retest of the lows, if not a larger move to t…
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