The Bottom Line The major U.S. indices moved largely lower this - TopicsExpress

The Bottom Line The major U.S. indices moved largely lower this week and appear to be in downward trends based on the MACD indicator, which means that traders should be cautious about entering long positions at these levels. Those with long positions may want to consider putting tight stops in place for protection against any downside over the coming weeks. Next week, traders will be watching for a number of economic indicators, including retail sales on August 13th, PPI data on August 14th, jobless claims, CPI and industrial production data on August 15th, and housing starts data on August 16th. In particular, traders will be watching for any improvements to retail sales and ongoing improvements in jobless claims. - courtesy of Investopedia US, A Division of ValueClick, Inc.

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