Off the Charts
The market entered the fourth day of the new rally, the Dow leading the way with a 0.9% gain.
The SPY reclaimed its 21-day moving average this week and today extended off it in very healthy action. Now is not the time to start diving head first into stocks, but rather be patient once again. After the double bottom was formed Monday and confirmed Tuesday, you could have started to get back into longs with hard stops at this Monday lows. Now, you're best served waiting for consolidation or a pullback....605 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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