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  • STTG Market Recap August 21, 2014
    Despite short term overbought conditions the markets are holding up and not really coming in. Once we turn to bull modes generally overbought conditions are worked off with sideways type action and that appears to be the situation. Tomorrow will be some key speeches from central bankers so we'll see if any comment they make spooks the market even for a few minutes or hours. For the day the...

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  • STTG Market Recap August 20, 2014
    Indexes opened down a bit to begin Wednesday - from which dip buyers came in and provided a constant stream of buying until the Federal Reserve minutes were released mid afternoon. We then saw a very quick drop but buyers rushed right back in for a second time on the day and stocks finished out near their highs. The S&P 500 gained 0.25% while the NASDAQ was down 0.02%. Some saw the minutes...

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  • STTG Market Recap August 19, 2014
    Another gap up to start Tuesday as bulls have taken back control of the markets. After the initial surge at the open most of the rest of the day was quite quiet actually. The Commerce Department reported beginning home construction rose 15.7 percent last month from June, while starts for volatile multi-family homes jumped 33 percent. Original post: STTG Market Recap August 19, 2014

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  • STTG Market Recap August 18, 2014
    Once again, another correction attempt ends in a trail of tears for the bears. We were at some key inflection points at the end of last week and today burst out of the gate of the new week as geopolitical tensions ease. Other than June, 2014 has been ho hum, but a week ago Thursday the market was deeply oversold and we've gone vertical since - very similar to the rallies throughout 2013. The...

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  • STTG Market Recap August 15, 2014
    A good week for the bulls ended in quiet fashion as indexes tried to gap up once again, which finally led to some selling - but a last hour rally helped change that. The S&P 500 fell 0.01% while the NASDAQ gained 0.27%; the NASDAQ continues to take over leadership of late. Next week the Fed will be in focus, with meeting minutes out on Wednesday and a gathering of central bank leaders in...

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