Markets proceed higher on optimism
On 12/29 I stated the NASDAQ had closed below the November highs, it was testing the 20 DMA, and it was a decision point for the index relative to short-term direction. Since that day the index has gained 6.7%. The decision was to move higher. Over the last three weeks, we have seen optimism over tax reform, earnings, and the new year.
Easy come easy go…
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China denies and markets move higher
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