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The pullback for now can be seen as bull flag, so nothing serious yet.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
The following appeared at the end of Thu Jul 3.
I mentioned it here because my newbie's wild guess is that it may reach this level today with the largest POMO of this week.
biggest red, vol surge, may see rebound here first then we'll see.
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Pre-market news:
Repo Alarm. More trades are going uncompleted, causing short-term cash crunches, as repurchase agreement volumes fall to record lows, Bloomberg says, thanks to intense demand for U.S. notes. Failures to deliver Treasuries have averaged $65.6 billion a week this year, reaching as high as $197.6 billion late last month. Compare that with $51.6 billion in 2013, and $28.8 billion in 2012. http://www.bloomberg.com/news/2014-07-0 ... ing%20Bell
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.