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" ... The Nasdaq Composite Index (13,429.98) has a negative weekly chart. The index is below its five-week modified moving average at 13,654.03. Its 12-week slow stochastic reading is declining at 77.68. The Nasdaq remains above its quarterly, semiannual and annual pivots at 13,001, 12,395 and 12,000, respectivley. This week’s low has been 13,002.54, so the quarterly pivot held. ... "