Update on Picks: JP Morgan closed at its lows even though at one point it was up over 2 bucks (like 5%) where it should've been sold. Google also closed at its low after being up almost to 450 dollars.
It's clear the 50 sma is still providing significant resistance for the broad market. If the markets move up, watch the 50 sma level closely. If it gets weak, short. If not, then stay away.
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