The End of the Rally? S&P Reverses Course at 50% Retracement

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Stocks gapped higher at the opening bell this morning on news that China would (slowly) allow the Yuan to float.  The “Renminbi Rally” was to be short lived, however.  The S&P briefly stuck its nose above the 1130 mark, and quickly reversed skate to finish the day in the red.  Volume was anemic, once again.Is […]

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