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Okay, this volatility is certainly getting tiring, isn't it? Or at least it would be if it weren't so insanely profitable.
Last week, I pointed out that the S&P 500 - "the market" - had arrived at another critical point at which the important 200-day moving average would hold - or die trying.
It died trying, falling through support, and that's led to an accelerating slide for stocks ever since. As I write this at Monday mid-morning, the S&P 500 is down almost 1%.
Stocks, like a lot of other things, like to move along the path of least resistance. And right now, the path of least resistance is d-o-w-n.