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September 24, 2013

Bearish Turns for Stocks and Oil

Tuesday delivered action very conducive to our primary framework calling for bearish turns in equity and crude oil prices. Stocks were attempting a bullish reversal well into the afternoon, but then saw prices sink rapidly through the last two hours, closing lower on the session. Weak closes are certainly not bullish and could hint at further downside to come. Meanwhile, oil came within a few cents of forming a failed daily cycle ...


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