Yesterday the market started on negative side with gap down but by end of the day managed to erase those losses. That is a sign of underlying bid in the market.
Individual stocks are showing orderly pullbacks and breakouts continue to expand and have follow through.
New sectors continue to breakout and also follow through is good. All in all so far a very orderly up move.
As long as heavy selling does not hit the market, this is market for momentum and breakout traders.
Individual stocks are showing orderly pullbacks and breakouts continue to expand and have follow through.
New sectors continue to breakout and also follow through is good. All in all so far a very orderly up move.
As long as heavy selling does not hit the market, this is market for momentum and breakout traders.
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