Thursday Morning Market Video
Covering $GDX $IWM $NFLX $TLT $GMCR
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Thursday Morning Reads
Still Breathing
What else can you say after a day like today? This morning in the chat room I stated how perfect it would be to see my big $IWM $120 figure before the close. That was my key support/resistance line I have been talking about for all of 2015. Last nights recap was titled "Till Support Do Us Part" for a reason.
Once we broke support it was a time to part from the bullish stance. But with today's action, the support is there, and the bullish perspective is still here to live another day.
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Wednesday Morning Reads
Till Support Do Us Part
Stocks continue to walk the tight rope above a deep canyon. The wire shakes, footing appears to be lost, yet the market is able to maintain its balance and move forward.
The key support levels remain $IWM $120 $QQQ $110 and $SPY 208. Like Friday, today those levels were broke, but in now classic 2015 fashion a late day rally closed each above those support prices. Another tight wire catastrophe averted.
What lies ahead? Will support give way, or is the market showing once again the same resiliency it's shown throughout this historic bull market?
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