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VCSC Daily - Stocks retreat on profit taking in blue chips

Profit taking in blue chips – Following the phenomenal rally we’ve had, one can’t be surprised to see the market taking a breather. Seesawing between bulls and bears in early trading hours, the appearance of massive profit takers dominated the market making it clear the direction was down. Investors took profit, particularly in some key blue chips as most of these had outperformed the market since the beginning of the year. In addition to locking profits from the rally, heightened concerns about