Daily Market Commentary: Bulls Push On
Courtesy of Fallond Stock Picks
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The Nasdaq also marked an accumulation day. It’s gains were helped by the semiconductor index.
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The semiconductor index was able to do the leg work it couldn’t do yesterday, pushing away off its 200-day MA.
($SOX)
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With Tuesday’s gains there is a reasonable chance the rally will continue tomorrow, squeezing shorts out of their positions. Short positions in the Dow are perhaps most vulnerable.