Just when most investors were calling for a "retest" of the March bottom, the major indices bounced handsomely, with the Dow Jones Industrials putting in a 7.33% return for the week ended July 17th. Once again we are closing in on Dow 9000. If we close with any authority above 8987 (50 day moving average) we should see the next resistance level between 10,000 to 10,500. Quite a stretch from here, but possible from a technical analysis point of view. Stay tuned for more excitement and great trading opportunities!
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