Market Lab Report - Premarket Pulse 5/6/15
|6 May 2015 12:57 ET
Major averages fell yesterday on higher volume. The S&P 500 closed roughly at its 50-day moving average while the NASDAQ and DJIA closed below their respective 50-day lines. Leaders attempted a bounce which was generally shut down in yesterday's trade. Another leg down before the market finds a floor is very possible. Caution is warranted. Keep stops tight and take profits where you have them.
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