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  1. Home
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Off the Charts

Today was the first time in a few weeks that adding on strength rewarded traders.
By SCOTT REDLER May 21, 2012 | 06:39 PM EDT
Stocks quotes in this article: LVS, SPY, AAPL
Was today a relief rally or the end of the corrective action? Going into today, technical indicators were signaling that a bounce was due, as the market was more than 9% off its highs, the trading oscillator was reaching an extreme oversold reading (-80, a level where bounces often occur), the 50% retracement level of the rally was coming into pla...
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