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Minyanville's T3 Daily Recap: Market Recovers From Gap Down, Facebook Unveils 'Graph Search'
The S&P (INDEXSP:.INX) battled back from a lower open to finish narrowly in positive territory continuing the digestion we have seen over the last two weeks. Volume also remained very light. The low of day on the S&P 500 ETF (NYSEARCA:SPY) was $146.20 which is right above the 8-day moving average. Strong trends often ride above their 8-day moving averages. The Nasdaq (INDEXNASDAQ:.IXIC) finished narrowly negative thanks to more weakness from Apple (NASDAQ:AAPL). The market rallied pretty much the whole day after the down open but there wasn't any significant momentum to write home about. The important resistance pivot ...
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