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Near panic-like selling of NYSE stocks contrasts with apparent dip buying on the Nasdaq

Near panic-like selling of NYSE stocks contrasts with apparent dip buying on the Nasdaq

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While the selling of stocks on the New York Stock Exchange appears to nearing panic-like levels, the activity on the Nasdaq exchange suggests investors may be more interested in buying on the dip. The NYSE Arms Index, which is a volume-weighted breadth measure that tends to rise above 1.000 when the market is declining, has spiked up to 1.812 in afternoon trading Tuesday.

...read full article on Market Watch

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