Markets went out on their highs Tuesday. Volume expanded on the Nasdaq nicely, as the benchmark closed up more than 1% on consecutive days for the first time since late July (7/26-7/27). On 7/26 it retook its 10 week SMA, and consequentially ran more than 300 handles higher to its mid September high. Am I saying that is going to occur again? Of course not. But stranger things have happened. Perhaps with all the euphoria in the air we should Read the Rest…
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Douglas J Busch