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shot of figurine bear on stock chart

Well that was easy. All it took was a little patience and time before we basically fully recovered from the recent drop. That only means that we now know the drops at these levels will be similar but buyers will be there to fearlessly catch the proverbial falling knife. The strong buying was ahead of New Fed Chair Powell to testify in front of the committee today. While I doubt he will say anything different than the previous regime, the streets will be listening for any hints to the pace of hikes. Expect a fairly volatile reaction if there’s anything definitive or substantial in his testimony. If there were to be a surprise to expectations, then expect the markets to act in accordance. That should lead to back and forth volatility which could carryover into future sessions. Then again, the markets could do absolutely nothing on his testimony and just resume the rally to new all time highs. The rally just looked too easy yesterday and that is what I consider back to “normal”. Could be a fun one today ladies and gentleman. Buckle up and let’s ride! Long Signal: DECK EW  Short Signal: Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV


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