U.S. Stocks closed lower after a volatile trading session with a 200 point swing. The market opened lower as stocks were under pressure from weak trade in Asia over night. Stocks managed to start rallying off of the open, and the Dow was up as much as 80 points intraday. However, yet again, the last 30 minutes proved to be the market's undoing, and the Dow closed lower by 112 points. Most other averages were actually weaker.
More to come later.
Scott Cole
www.kungfutrader.com
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