Two months ago, I pointed out that the U.S. stock market had topped out and was going through a churning process.
Since that observation, the Dow Jones Industrial Average DJIA -0.37% has risen a bit higher but the Nasdaq COMP -0.24% and Russell 2000 RUT -0.92% indexes have dropped below their 50-day and 100-day moving averages. Itâ??s only a matter of time before the Dow follows.
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