Home Stocks Markets Continue to Rumble Forward

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The markets continued to rumble forward yesterday. With inflation data out and the markets initially selling off, buyers just came in and ran over all opposition. The market vitals are still pretty good and volatility has slowly dissipated. Of course the corresponding move has been higher in recent sessions. In fact, ever since we found technical support at the swing lows we haven’t slowed down. We’ve been moving higher and we will soon be approaching key technical levels that could act as resistance. I’m still not totally sold that we can make a straight line run to the all time highs, but it’s looking like it’s going to happen more and more. It’ll be interesting to see if we find any technical resistance in the SPY. That was the key market where we found the technical support and that is where I will be looking to see if we will get technical resistance at the 50 day SMA. If we close and open above this level with immediate support, that could be a clear indication that we’re going to rally back to the highs. Until then, expect that s Lowe’s will try and make one more stand. Long Signal: HLF 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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