August 31, 2005 - Brett Steenbarger

This returned us to a neutral short-term trend, as we closed near the day's average price of ES 1206.5. New lows were muted among the large caps, and a plurality of stocks traded in short-term downtrends through the day. ... for the SPY ETF is pretty funky; its correlation with open-to-close ES price change is near zero. ................
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