Stock Market Summary Wednesday April 25th 2012

Posted by Stephen Sutherland on Wed, Apr 25, 2012 @ 10:21 AM
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Yesterday's market action was negative.

The Nasdaq fell 0.3% making it five down days in succession. On the plus side it was good to see the S&P 600 finding institutional support around the 440 level.

This is the third time since the beginning of March it has found support at this level.

India matched the market and Russia and industrial materials outperformed. Leading stocks action was poor.

I mentioned in yesterday's DMU that on Monday the markets personality changed and yesterday's bearish behaviour helped to confirm my thoughts. However today's futures are pointing to a strong open for the Nasdaq due to tech giant Apple beating expectations.


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Topics: Stock Market Summary