Recording Stock performance on paper
Markets

The gloves are off now

Euro breaks out, stocks blasted

The S&P 500 is now down 30 points. And that's after opening 13 points higher an hour ago.

The turnaround in sentiment today has been astounding.

As I pointed out yesterday, last week's high in the S&P 500 matched the 50% retracement of the Jan decline. That was a bearish signal.

Now, the index is flirting with last week's low print. Look for more stops if it gives way.

The market moves have been like a bolt of lightening today.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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