Day 14: Stocks Close Below Resistance

Thursday, February 25, 2010
Market Commentary:

Stocks closed lower but off their intraday lows after the US dollar pulled back as concern eased over tepid economic data and the fate of the EU. Volume, a critical gauge of institutional demand, was higher than Wednesday’s totals which suggested large institutions were selling stocks. Decliners led advancers by a 10-to-9 ratio on the NYSE and by a 16-to-11 ratio on the Nasdaq exchange. New 52-week highs outnumbered new lows on both exchanges. There were 10 high-ranked companies from the Leaders List that made a new 52-week high and appeared on the BreakOuts Page, lower than the 14 issues that appeared on the prior session.

EU Fears & Tepid Economic Data Send Stocks Lower:

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