Going into today, Deron Wagner will keep an eye on yesterday's lows in the broad-based indexes. He would be concerned about holding long positions over the holiday weekend if the S&P, Dow, or Nasdaq close below yesterday's lows.
The indices had a solid down-day today, falling from the get-go and stair-stepping their way lower all session, except for a late-morning consolidation. In the last hour they came back sharply, paring back the losses, but still ended down.
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