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  1. Resistance Holds So Far - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    It was a rather choppy affair today that culminated in a mixed close. The biggest takeaway for me on today's action is that resistance remains an obstacle.

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    Not much to read into today's charts. Price is bumping up against resistance and so far it's holding. Momentum is rather neutral.

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    Cumulative breadth ebbed higher just a tad and remains bullish.
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  2. TSP Talk: Stocks start slow, but follow-through to the upside

    Stocks started out slowly on Tuesday but the momentum built as the day wore on. Except for a late dip, the bears were nowhere t be found after that opening. If the bears are going to make a move, selling a two day bounce off the recent lows may be their best chance, so we'll see if they have any desire to make a move today. Seasonality is on the bears' side this week, so if they can't do it now, they may be done. The Dow gained 69-points on the day, and the Nasdaq ...
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