Markets flew higher Wednesday and recorded their best day thus far for the year. Volume grew on the Nasdaq and today can be considered a tepid follow through day. Today the S&P 500 retook its 40 week MA, one day after the Nasdaq did yesterday. The violent nature of todays rally seemed indicative one what usually takes place in a corrective period rally. Remember we get sharp moves higher which are usually transitory. Leaders did show some muscle today which Read the Rest…
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Douglas J Busch