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MORNING MARKET COMMENTARY
-Thursday, May 23, 2013
Indices Reversed Early Gains on Concerns of Fed Tapering Bond Buying Program
On Wednesday the major averages reversed early gains and finished with losses while trading near their worst levels of the session. The volume totals were reported higher than the prior session totals on the Nasdaq exchange and on the NYSE indicating distributional pressure coming from the institutional crowd. Breadth was negative as decliners led advancers by about 3-1 on the NYSE and on the Nasdaq exchange. There were 85 high-ranked companies from the CANSLIM.... more commentary...
Stock analysis provided by
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Jan 1998 - Dec 2010
S&P 500 +29.6%
The American Association
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|Annotated Daily Graphs Online®
CANSLIM.net reports include annotated
Daily Graphs Online® screenshots, leveraging the professional
grade information offered by these premium stock charts. These
clear, easy to read charts are packed with fundamental data and proprietary
ratings for each company. You can easily study a company's technical
price/volume pattern and see the four latest quarterly sales revenues
and earnings comparisons (the "C" criteria), view the annual
earnings history (the "A"), and much more - all in one quick
reference! If you are interested in trying the Daily Graphs Online®
service please click