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ZACKS
3rd Time is the Charm

Stocks got thwarted at 1524 on the last two attempts. Yet on this third effort it climbed on top and kept racing higher to close at 1531.

You see, bears and sideline observers keep hoping and praying for a pullback to allow them on board this rally. Yet that opportunity continues to elude them. Now these folks are starting to capitulate, which is driving up prices further and faster.

I continue to believe that we are properly set up for a shot at the all-time highs at 1565. Unfortunately the good times won’t last forever. So, just as everyone finally goes long, that's JUST WHEN the next consolidation period should commence.

Stay long for now. Then get ready to take some profits.

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Zacks Investment Research

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Leaked e-mails about weak February sales sink shares.


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