STTG Market Recap Feb 21, 2013

From Stock Trading To Go
February 21, 2013 - 6:50pm

Stocks suffered through a second session of vigorous selling although a buy program that came in exactly at 3 PM lifted stocks well off their lows. The S&P 500 finished with a 0.63% loss while the NASDAQ dumped 1.04%. Poor European flash purchasing managers index data set the tone, although some of the selling was just continuing momentum from yesterday's sharp reversal. The near term will probably get tricky as this two day slide has already built some oversold conditions in but the intermediate term has some challenges unless markets can recover this slippage quickly.Original post: STTG Market Recap Feb 21, 2013

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