Buzz and Banter
Meanwhile, International Business Machines (IBM: NYSE) and the Internet stocks are the weak spots for any potentially broader-based attack. IBM has already violated an important technical level (81) and would further weaken with a tick at 78.
In other areas to watch the U.S. Dollar Sep. contract, already back on a sell signal for the first time since June, formed a lower high recently and is acting slippery again today.
Silver broke down last week, ending its string of high profile up moves, while Oct. Gold has a nice short-term chart and will reverse up today to form a higher bottom.
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