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Holding Our Bias

|Includes:SPDR Dow Jones Industrial Average ETF (DIA), QQQ, SPY

Clear and heavy selling Wednesday sent price action on the major indexes back below its 200-day moving averages.

That's two days of Distribution in a row. As the 50-day averages now serve as support we'll wait to see how they hold before changing our current bias of Buyer's Caution.

Stay tuned,


Disclosure: Short DECK, TEX

Stocks: DIA, SPY, QQQ