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Friday, March 29, 2024

Market Recap – Europe Causes a Reversal, Herbalife Tanks Off Single Question

Courtesy of Blain.

After a strong open thanks to positive ISM numbers, the market reversed mid afternoon reacting to post-hours trading in Europe. Volume was strong and the NASDAQ finished flat, completing a bearish reversal bar that should make tomorrow interesting. Full breakdown at ZeroHedge. Despite this, the Dow closed above its 2007 highs (not that we care). Also, the Herbalife (HLF) -19.9% fall off story is definitely worth a read.

Stay frosty out there and I will see you back here tomorrow!

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