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The market was choppy throughout Thursday’s session after opening lower while rebounding midday to set another round of fresh all-time highs. The coronavirus fears looked like they would spark a deeper pullback in the overall market, but the major averages recovered some of their early losses with the small-caps bucking the trend to close higher. The Nasdaq traded to an record high of 9,748...
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Continue reading >>Just weeks ago, we featured General Electric (GE) in a Chart of the Day following allegations of fraud back in August 2019. Since then, we’ve watched as the stock caught strong support around $8 along with oversold reads on the Bollinger Bands (2.20), W%R, RSI, and MACD. Since spotting that opportunity in August 2019, the stock exploded from a low of $8 to a high of $11.72. All we had to...
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The market showed overall strength for the 2nd-straight session and for the 6th time in 7 sessions following another round of record highs. Fed speak after the open from Chairman Jay Powell caused some of the early morning and late day choppiness after he said there is a lot of uncertainty regarding the impact of the coronavirus.The Nasdaq traded to an all-time high of 9,714 while closing at...
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The market showed overall strength for the 2nd-straight session and for the 6th time in 7 sessions following another round of record highs. Fed speak after the open from Chairman Jay Powell caused some of the early morning and late day choppiness after he said there is a lot of uncertainty regarding the impact of the coronavirus.The Nasdaq traded to an all-time high of 9,714 while closing at...
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