NEW YORK ( TheStreet) -- Stocks slipped on Tuesday on comments by Federal Reserve officials saying the FOMC would likely opt for some tapering of QE3 and QE4 purchases of agency mortgage-backed securities and longer dated Treasuries as early as next month.Two key levels came into play among the five major equity averages. The Nasdaq traded below my monthly pivot at 3663, but closed above it. The Russell 2000 closed just below its weekly pivot at 1053.08. Weakness in these two indices is important to watch as they are the most overbought on their weekly charts.
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