Summary
NEW YORK - Wall Street's first-quarter rally could already be fizzling.
On a technical basis, the major indexes last week failed to meaningfully break out of their recent trading ranges. Yes, the Nasdaq composite index reached consecutive five-year highs on Wednesday and Thursday - and then gave it all back and then some Friday.See the full content of this document
Extract
Market's Early Rally Shows Signs of Losing Steam
For the market's number crunchers, such "technical resistance" is a bad omen. And while discerning trends solely through trading averages can be akin to reading tea leaves, that the major indexes have r...
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