As the Dow hits the 50 MA support, it bounce up yesterday and had one of the best days since April. The major indexes are still in a short term uptrend. With the month of August being not a good month for the major indexes, they have actually performed quite well. This month has seen lots of volatility and we need to continue to monitor short term trends of a few days to be able to capture profits. Let us take a look at what the charts are telling us.
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