There is further support at 1373 to 1366 and then the November 15 closing low of 1351.50.
Extensive financial rigor was applied to Sears to improve the profitability of every line item, dropping poor performers and closing low margin stores.
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Lastly, the chart popped back above 200-week moving average support, and all of this happened on the biggest volume since the August closing low.
The Nasdaq also recorded a new five-year closing low on Tuesday.
Since then, the 30-share Sensex has gained nearly 10% from its 2013 closing low, to end Tuesday at 20160.82, just 4% short of its all-time high.
Among the biggest losers, Shenzhen-traded Shandong Sun Paper sank to a three-year closing low of 5.03 yuan on Thursday, before edging up 0.01 yuan on Friday.
The Stoxx Europe 600 fell for a fourth straight day, declining 1.5% to a 2013 closing low, amid more signs that the region's economy is slowing.
The 5% sell-off over three days last week in the Dow Jones Industrial Average took the DJIA below the closing low for last December of 10285.97.
For example, the SPX closing low last week was just above the 1, 333 area a level that we have discussed several times this year, as it marks double the March 2009 low.
"This is another negative indication on top of the missing Santa Claus Rally, a down First Five Days and the Dow closing below its December closing low on January 21 triggering the December Low Indicator, " says Hirsh, who adds that the market is completing a two-year bearish "three peaks and a domed house" pattern coined by technical analyst George Lindsay.
Prices hit a fresh 6.5-month low overnight after closing at a bearish monthly low close on Thursday.
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The bolivar hit a new low Wednesday, closing at 1, 716 to the dollar, down 6% from Tuesday.
Republicans are unified on revenue neutral tax reform: closing loopholes to pay for low tax rates for individuals and businesses.
The blue-chip benchmark retreated in previous sessions amid weak job-market and manufacturing data, closing at a current-year low on Monday.
Most Asian markets extended declines, although China's Shanghai Composite Index bucked the trend by rising 0.6% after closing at a five-month low on Monday.
The next downside price breakout objective for the bears is closing prices below solid technical support at the April low of 305.70 cents.
The next downside price breakout objective for the bears is closing prices below solid technical support at the December low of 323.25 cents.
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The next downside price breakout objective for the bears is closing prices below major psychological support at the November low of 323.25 cents.
FORBES: Comex Gold Ends Weaker In More Quiet, Pre-Holiday Trading
The next downside price breakout objective for the bears is closing prices below solid technical support at the November low of 343.75 cents.
The next downside price breakout objective for the bears is closing prices below solid technical support at the April low of 330.60 cents.
FORBES: P.M. Kitco Metals Roundup: Gold Ends Firmer on Short Covering, Chart Consolidation
The next downside price breakout objective for the bears is closing prices below solid technical support at the November low of 321.85 cents.
FORBES: Comex Gold Ends Lower But Up from Daily Low On More Consolidation
The next downside price breakout objective for the bears is closing prices below solid technical support at the April low of 357.75 cents.
The next downside price breakout objective for the bears is closing prices below solid technical support at the January low of 359.95 cents.
The next downside price breakout objective for the bears is closing prices below solid technical support at the March low of 347.25 cents.
The next downside price breakout objective for the bears is closing prices below solid technical support at the January low of 340.60 cents.
The next downside price breakout objective for the bears is closing prices below solid technical support at the November low of 340.30 cents.
The next downside price breakout objective for the bears is closing prices below solid technical support at the April low of 356.90 cents.
The next downside price breakout objective for the bears is closing prices below solid technical support at the June low of 323.80 cents.
The next downside price breakout objective for the bears is closing prices below solid technical support at the August low of 328.85 cents.
FORBES: Comex Gold Ends Weaker on Profit Taking, Chart Consolidation
The next downside price breakout objective for the bears is closing prices below solid technical support at the contract low of 308.00 cents.
FORBES: Comex Gold Ends Modestly Up on Chart Consolidation; Bulls Still Have Some Momentum
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