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Good news from the ADP Employment report motivated investors to bid up stocks once again on Wednesday. This had us making another new high at 1893. That leaves us tantalizingly close to 1900.
The question is not whether we will touch 1900...it's what happens after we touch it?
Here are the 3 most likely scenarios:
1) Immediately breakout above.
2) Consolidate for a while, then breakout above.
3) Run away like Scooby Doo after seeing a mummy. Rut roh!
My gut tells me #2 is most likely as many investors will want to see the earnings season report card later in April. However, given how skittish investors have been this year then #3 is the second most likely outcome.
Neither outcome is ominous when you consider that shares will likely hit 2000 this year. So for many of you the best strategy is to just load up on Zacks #1 and #2 Ranked stocks and patiently await higher highs.
No it's not "Buy and Hold Forever" or "Buy Low. Sell High." Instead, it rides the most powerful force impacting stock prices. For more than a quarter century, it has nearly tripled the market with an average gain of +26% per year. This has been verified by an independent accounting firm.
You can easily master it in your own home without a class or seminar. Don't miss the unique opportunity that ends tomorrow, April 4.
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