Wednesday Outlook: Holding the Line

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 |  Includes: AAPL, AMZN, BBRY, FDN, GOOG, INTC, QQQ, SPY
by: David Fry

Not that AMBAC (ABK) thing again! The line of the day came from Ken Tower, chief market strategist at Covered Bridge Tactical [reads like heavy industry to me], who said of the rumored deal: “The AMBAC deal that seemed so sure last week, I was expecting it to be slipped under the door like a hotel bill at any moment.”

Volume was heavy and breadth was negative again. [And, Yahoo Finance can’t add columns correctly sometimes.]


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The previous Four Horsemen which led tech have yielded to even bigger names like Microsoft (NASDAQ:MSFT) for example. But, most of the former are fighting like mad at support levels which seem clear.


















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