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No idea up or down from here but if bulls can test the all time high from here then a breakout would be more likely.
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Dow 30. Fairly even between the leaders and laggards. Dow Holdings, DOW, seems to be very frequently either a leader or laggard. V, UTX also up. CSCO and IBM down.
Charts posted are not recommendations. They are just a sharing of information.
NorthmanTrader, posted yesterday
REPO:
“...people are not stupid ... we can see what happens when overnight REPO hits markets prior to US market open.”
“… A FOMO effect was created and people piling into tech like never before.”
see chart here: https://www.zerohedge.com/s3/files/inli ... k=8CcSPLEv
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente wrote:NorthmanTrader, posted yesterday
REPO:
“...people are not stupid ... we can see what happens when overnight REPO hits markets prior to US market open.”
“… A FOMO effect was created and people piling into tech like never before.”
see chart here: https://www.zerohedge.com/s3/files/inli ... k=8CcSPLEv
Tech up on weak outlook on USD. USD forecast to be weak this year.
My comments are for entertainment/educational purpose only. NOT a trade advice.