Stocks recovered some after the big loss last week. The S&P 500 index closed this week at 1135 up 2.23%, the Dow Jones Industrial Average increased 2.31%, and the Nasdaq composite index gained 3.58% for the week.
In the weekly chart of &P 500 index, the price is below the 13 week moving average but still above the 28-week support line. Its slow STO[15,1] has fell below 75 and is heading downward indicating that the market down side risk out weights the upside potential for the next couple of weeks.
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