STTG Market Recap August 7, 2014

Indexes opened up but could not hold gains; again very different action than we saw in June and July. The S&P 500 fell 0.56% and the NASDAQ 0.46%. We’ve been cautious for about a week now due to a technical breakdown and thus far nothing in the market action tells us to change course. The normal culprit – geopolitics – was cited as a reason for the selling today. In the premarket…

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