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The S&P finally got through that Oct. 27 high that was put in at 1292.66. It didn’t close above that level, but only missed by about a half a point. It was a good effort by the bulls.
The Russell 2000 finally caught and led the way. The financials (XLF), materials (XLB) and metals and mining (XME) did the best today. Technology was mixed.
I added WLT, RIG and MTG as new longs today during trading hours. Let’s see if the bulls can take out today’s highs tomorrow. So far the bulls are firmly in control.
Have a great night.