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The markets were mixed once again. For the second day in a row, the semiconductors showed relative weakness and that group is now in a very ominous looking position. For most of the day it seemed as though the buyers would be able to show an impressive rally, but sellers showed up near the close and tried to push the market lower. The sellers efforts were largely ineffective but the pattern of weakness near the close has shown all week and it could be indicating more serious selling to come. Let’s not read into it too much though, because price is all that pays and if you have stops in place you should be okay.

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