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FYI: The week before last was an excellent week of consolidation for a market needing one. Remember when people were using the Italian political referendum as a convenient excuse for some selling – we said it was cute. Following that, bulls came roaring back in last week – leaving signed bear fur all over the place – bigly. Every single day was up last week; in the end the S&P 500 spiked 3.08% on the week. So this leaves us where we were 2 Fridays ago – in very good shape but short term overbought needing a rest. Regards, Ted https://www.stocktrader.com/2016/12/11/weekly-market-recap-dec-11-2016/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+Stocktrading101+(StockTradingToGo)
