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Stocks closed in mixed territory, with modest gains and losses. Once again, it was the NASDAQ Composite and small cap Russell 2000 showing relative strength by holding above yesterday’s low and the 10-day MA. Although the S&P 500 undercut the prior day’s low and the 10-day MA, the price action is much more bullish than the Dow Jones, which closed near the 50-day MA. Volume did pick up on the NYSE, but its tough to label the S&P 500 a clear cut distribution day with only a -0.26% loss.

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