![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyiCiQ_9RsNZ9dh99E7-hQNGiFAzTU7PUSjlCVGkQYFMHKPCzmludraEmO7zp77dzeuiOQM0D217tpeBsW96TZ3A8FUIT6NvW1VknNpRTbCSJzQyb28qU37Ch9nvnMvC-7w3ve/s400/ES112309a.gif)
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What started out looking like a trend day to the upside in stocks (top chart) faded out, as the dollar strengthened vs the euro (bottom chart) and Aussie dollar and commodities beat a hasty retreat.
Interestingly, however, we still have over 1500 more advancing stocks than decliners, as we remain above Friday's close. The reversal sets us up in a wide range between today's high and Friday's lows: a range that may hold if trading slows down during this holiday week.
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