Charts courtesy of stockcharts.comToday's WR, higher volume profit taking and negative divergence hint that this correction could go beyond the usual 2-3 day pullback. I'm watching the 2525 level with interest on this third retest of support.
Companies moving in after hours trading in reaction to earnings: Trading Up: VRGY +11.2%; RRGB +6.3%; LNUX +5.9%; ARUN +5.7%; HRAY +2.9%; MENT +2.2%; ARO +1.9%; CTRN +1.7%... Trading Down: PRLS -13.2%; DITC -7.4%; HIBB -2.7%... Companies moving in reaction to news: Trading Up: CUP +22.7% (enters into exclusivity agreement); NHHC +17.7% (acts to pursue superior offer); MDII +7.5% (products chosen for implementation at two U.S. Marine Corps bases); LNUX +5.9% (Announces Name Change to SourceForge, Inc.); IVC +1.1% (discloses in 8-K it recently became aware of a potential embezzlement at one of its foreign facilities; situation under investigation)... Trading Down: SLFI -2.0% (discloses in 8-K that investigation has revealed evidence of a sophisticated loan scheme, orchestrated by certain EFI officers); RMIX -1.3% (appoints Michael Harlan President and Chief Executive Officer).
Economic calendar: Existing Home Sales at 10:00
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