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Yesterday I talked about the trend so far in July being sideways. However, on Tuesday the bulls tried to wrestle control back to their side.
In fact, they were successful in making a new intraday high at 1986. Just in the end stocks slipped back a notch producing only the second highest close in history.
It seems that earnings are strong enough...economic data too. This should get us knocking on the door of 2000 shortly. My bet is that it is in the cards by the end of this week. Next week at the latest.
What happens after that is the greater mystery. I think consolidating for a while underneath 2000 is the most likely outcome. Yet breaking above is not farfetched as the long term bullish trend should not be overlooked.
So that means investors should stay with a bullish bias. However, some modest profit taking around 2000 on your most aggressive positions is advised.
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.
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