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Breakout Drama Continues

Monday provided more questions than answers as stocks slinked back to 1500... instead of accelerating ahead. So investors will likely have to wait for a catalyst inside this week's slate of economic reports.

Interestingly Monday provided a gangbuster Durable Goods report at +4.6% versus consensus of +1.6%. That is a monster beat. Yet it couldn't garner enough investor interest as they are likely more focused on employment and GDP data coming later in the week.

Right now things are skewed to the upside. So it will take negative news on the economic front or the Cliff 2 debates to stop this train. Indeed that could happen. Until then keep a bullish bias.

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Steve Reitmeister (aka Reity... pronounced "Righty")
Executive VP, Zacks Investment Research



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Steve Reitmeister
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