Vincent Gimbrere
๐™๐™๐™š ๐™ข๐™–๐™ง๐™ ๐™š๐™ฉ ๐™ž๐™จ ๐™ฌ๐™ค๐™—๐™—๐™ก๐™ฎ, ๐™’๐™๐™–๐™ฉ ๐™๐™ค ๐˜ฟ๐™ค ๐™‰๐™ค๐™ฌ? The stock market rally is at a critical juncture. The S&P 500 and Nasdaq held their 50-day moving averages on Friday, but still lost significant ground for the week. So did leading stocks, though several rallied strongly off lows Friday. A strong rebound could signal the end of a pullback. But the indexes decisively breaking their 50-day lines could herald a true market correction. Perhaps the market will appear to bounce but continue its up-and-down action, a terrible environment for active investors. ๐˜ฟ๐™ค๐™ฃ'๐™ฉ ๐™ฉ๐™ง๐™ฎ ๐™ฉ๐™ค ๐™œ๐™ช๐™š๐™จ๐™จ ๐™ฌ๐™๐™–๐™ฉ ๐™ฉ๐™๐™š ๐™ข๐™–๐™ง๐™ ๐™š๐™ฉ ๐™ฌ๐™ž๐™ก๐™ก ๐™™๐™ค. ๐™๐™ค๐™˜๐™ช๐™จ ๐™ค๐™ฃ ๐™ฌ๐™๐™–๐™ฉ ๐™ž๐™ฉ'๐™จ ๐™™๐™ค๐™ž๐™ฃ๐™œ ๐™ฃ๐™ค๐™ฌ. Have your watchlists up to date. Pay attention to stocks showing relative strength in the current environment. Meanwhile, know your exit strategies. Stay engaged and remain flexible. This not a time to be locked into a bullish or bearish mindset. Looking at daily, weekly and monthly charts can help keep stock action in perspective. Have a look at Investors Business Daily for topnotch market commentary
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