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Market Weakens – Our Stocks Shook Up on Earnings

After the official status of the market was moved to “Under Pressure” last Friday, the somewhat mild distribution-like action continues this week, especially for the Nasdaq.

The tech-laden index has now ended lower for six consecutive days in a row. The last three sessions were with above average volume. Yesterday, it closed just above its 50-day moving average.

Let’s watch and see if the 50-day, which is currently 4777.96 can be defended.

As far as our individual stocks – there are growing signs of weakness, although much of it can be attributed to earnings announcements.

Earnings announcements have wreaked havoc on several of the TrendLine Portfolio Stocks.

CONTINUE REPORT HERE