STTG Market Recap August 5, 2014

Indexes opened down and dip buyer never showed up; this is a stark change from what we wrote repeatedly in June and July when morning dip buyers showed up nearly every day. We remain in a cautionary stance brought on by the action late last week. The S&P 500 fell 0.97% and the NASDAQ 0.71%. Ukraine was pointed at as the culprit but more realistically this is a market that had rallied…

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