Daily Wrap – Taper Fears

The averages opened lower after a weak overnight session, but the S&P was able to reclaim a large portion of early losses. The Dow outperformed, able to fill the opening gap down, while Small Caps and NASDAQ-100 underperformed. In a market update yesterday I noted the bearishly biased short-term price action in S&P-500 and NASDAQ-100…

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