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Thursday 8 August 2013

Trading signals to watch

S&P 500 reached 1699.54 but did not have the courage to break above 1700 & dropped as stocks seem too high & overbought
1700 is resistance for now, we'll wait & see if a rebound happens, possibly around 1690
Look to buy S&P 500 around 1690 if it rebounds

Apple's ex-dividend date is today
Resistance @ 465, support broken @ 460-462, might be oversold, wait for a rebound if it happens

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