Dow drops below a key chart level, warning of more trouble ahead
The index last closed below its 50-day moving average on April 10, which marked the end of a correction phase that included a 5,000-point drop at its low point.
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BCSC alleges Elixir Technology hid mounting losses from investors
According to the notice, that picture did not match Elixir’s books. During the first half of 2020, the company posted revenue of negative $5.5 million, compared with $290,413 over the same period a year earlier, and its trading software was not functioning properly. The former CEO, who managed Elixir’s trading accounts, later described that period…
