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After a weak open on Tuesday, stocks had a very nice day yesterday with moderate gains across the board despite some earnings scares. The Dow gained 56-points and the S&P 500 finally moved above 2800 with some conviction. The breakouts did not come on much volume as we are still in the summer vacation days, and actually July 18 is the start of the more negative portion of July's seasonality chart so there are some minor headwinds.

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