Recent Selling In Technology Improving Trading Opportunities

Dec 07 14:12 2017 Print This Article

Market Recap for Wednesday, December 6, 2017

It was a bifurcated day on Wall Street with the NASDAQ being lifted by an improving technology sector (XLK, +0.64), while a very weak energy group (XLE, -1.30%) put the brakes on both the Dow Jones and S&P 500.  Consumer discretionary (XLY, -0.65%) continued its recent weakness off of Monday's shooting star candle.  We could see a rising 20 day EMA test on the current weakness, although I remain a big fan of this sector:

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