Not Pretty at All


James "Rev Shark" DePorre

 | Jul 08, 2014 | 4:24 PM EDT
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The indices were solidly red, breadth was poor and it was a technical-distribution day for the Nasdaq, but stocks did find support around midday and the selling pressure relented a bit. It wasn't pretty but the early worries did subside.

We haven't had three major down days in a row since mid-January, so the bulls are likely to be looking for a bounce to kick in soon. It certainly has not been easy for the bears to gain any substantial downside momentum, but there is still a chance that a change in character is developing. The bulls still aren't very worried but there is good reason for that in view of how often this market comes back from this sort of selling action....1240 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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