Off the Charts
Stocks rose today on positive economic data from the weekly jobless claims and housing report number. The S&P 500 closed the day up 0.43%. The market got hit off at the open, but rebounded after finding support at the 10-day moving average, which has been holding this market. The market has been in a tight range this week as it digests and consolidates in front of the 2011 high. Continue managing positions and rotating through sectors as the action has been in individual stocks.
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