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Market continued its rally from the good ERs. S&P firmly stood at 932, well above the 颈线of the recent head-shoulder top around 888. It's significant because it reversed the recent downtrend. Although we should reserve some doubts of the rosy picture that this week's ERs showed so far, I cannot ignore the bullish signs that market presented. So I increased my positions to 70%. The next resistance for S&P is around 950. I'll wait and see how market behave as it approaches the resistance level. |
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