After a big up week it is no surprise to walk into a quiet market Monday. We do have holiday trading later this week and that usually means light volume, and a lot of big movements in small time stocks as individual momentum traders usually have a field day or two. Often this week tends to skew up for whatever reason historically as well. As for Monday the S&P 500 fell 0.12% and NASDAQ 0.05% – nothing significant in terms of a pullback in light of the big rally last week. Existing home sales showed a decline of 3.4% in October.Continue reading
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