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Stock Market Back at breakout Pace

Kristin Alonzo

16-Feb-2018 08:53 AM

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The bull market lingers on, Wednesday close marked as 4 days consecutive wins for the bulls. Yesterday premarket session,  index turned negative/ -1% on CPI index release, buyers stepped in and pushes it back up in green territory, closing in at full >1% basis . Back in 2017, we seldom had the full 1% move on benchmark, but this 2018 it is a " common" thing.  Per our compiled data NASDAQ hit its 9th full 1% move yesterday.  The liquidity and volatility present in our current market is at healthy pace.

  • Apple (AAPL) Amazon (AMZN)  Netflix (NFLX) Alphabet (GOOGL)
  • SPY, QQQ, DIA, XLF, XRT, XLE, IYT, IWM, IBB, SMH

As for the daily moving average,  yesterday price action pushes it to breakout territory.

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