Editor's note: Formerly, Chris Schumacher's short trading ideas were available only to subscribers to TheStreet.com's Short Advisor. Now these picks are being offered to RealMoney.com and TheStreet.com readers.
The plunge over the past week has shifted the markets away from orderly technical setups. Any time a major broad movement takes place, it typically either unwinds speculation in markets of strength or unwinds fear in markets of weakness.
When emotions run high, technical analysis of stocks offers very few clues for investors. Support and resistance levels simply do not hold as well as when the markets are reasonably stable. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
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UP
22.75
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UP
6.06
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UP
21.21
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UP
1.03
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10 Yr
3.48%
SPDR Gold
113.75
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+0.55%
|
+0.98%
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+3.05%
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