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Market Stance: BEARISH (since January 4, 2016)
We're seeing a market rout in early trading to start off the new year. I see important support being undercut here on very heavy volume. This is a strongly bearish technical development.
Also, my indicators have turned overall bearish.
On the basis of this new information, I am turning bearish this morning.
-KD, Monday, January 4, 2016
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