After ending last week on a sour note, stocks rallied with the S&P 500 and Dow Jones Industrial Average both up well over 1%.
In spite of the looming threat of this weeks FED meeting, stocks look poised to add to today's gains as they are just moving out of oversold territory.
I brought this up on Friday, and noted that the previous four oversold breaks saw significant gains for those trading for upside. So far... so good.
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