Markets flew higher today, to kick in a new uptrend. Volume was upbeat, as both the Nasdaq and S&P 500 vaulted above their 10 week MAs. Leading stocks performed well, with even a couple of breakouts occurring today which has been a rare feat as of late. AMGN took out a 69.03 double bottom trigger, and B blasted through a 28.02 double bottom pivot. Does one day convince us that the shallow correction is over? No, but we respect the Read the Rest…
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Douglas J Busch