Story
Major Averages Survive Choppy August
The technical condition of the market was little changed, with the technical indicators finishing the month mixed, but market under currents deteriorated. MACD, a short-term trend gauge, finished August in negative to neutral territory for the major averages, while Momentum, as measured by the 14-day RSI, wavered in bullish ground but was slowing. The VIX, however, fell into the 14's, a level last seen in early January...
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