The ARMS index ended the day at 1.14, slightly weak. Near term, the averages have been weak and momentum has slowed. We have also had choppy action in the last 2 weeks, which may be signaling a 'topping' action. The DJIA closed at 23430, just 7 ...
Technical analyst Dave Chojnacki of Street One Financial examines Tuesday's low-volume pullback and updates the important technical levels to focus on as investors wait with bated breath for Washington's tax plan details.
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The ARMS Index ended at 0.87, a slightly bullish reading. It was a week of 2 different markets, where the major averages made new highs for the first three days and then pulled back at the end of the week.