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Bruising stock-market selloff may have cracked the rally’s foundations

“For S&P 500 stocks, 44.69% of components are above their 50-day moving average, down from a July 19 peak of 74%” writes Markets Reporter for marketwatch.com. For Nasdaq stocks, both the share of stocks trading above their 50-day and the 200-day averages represent the lowest since October.
 
Source: marketwatch.com



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