Another Rally Crumbles on a Volatile Monday
Characteristics That Could Signal Market Tops and Bottoms
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Mondays have been notable for their stock volatility lately and though it was hard to tell at the close, this one was the same.
After rallying as much as 1.8 percent through the first four hours and threatening to wipe out last week’s decline, the S&P 500 rolled over at 2 p.m., erasing about two-thirds of its earlier advance. At the end of the day, the benchmark measure was up 0.3 percent.