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Originally Posted by coolhand

Another somewhat volatile day and this time the bears won the battle. Losses were limited, however. Still, we can see that both sides continue to fight for control of price direction, but the bulls have been the winner over time.




Volume was lower than average. We still need to watch that 200 dma.



Breadth pulled back, but remains bullish.

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Stocks came roaring out of the gate on Tuesday, following through on the big reversal day on Monday, after several positive developments for the financial world. The Dow gained 527-points, but we did see some afternoon selling to take most of the indices well off their early morning highs. Yields rallied on strong economic data, so bonds were down.

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