This post is by Roger Nusbaum from Random Roger
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The weekly Market Update is posted at Alpha Baskets and includes the following;
As a qualitative observation this drop doesn’t feel as panicky as the one in early February but interestingly both declines in SPX terms stopped at that index’ 200 day moving average at least that was the case at the close on Friday.
And from my page at TheMaven;
Thoughts on the 200 DMA holding.
Is the new shipping futures ETF a third degree burn waiting to happen?