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Stocks Encounter Resistance
Daily Market Commentary

Stocks Encounter Resistance

Byinfo@50park.com December 7, 2010

It is encouraging to see the bulls show up and defend the 50 DMA lines for the major averages. The market remains in a confirmed rally until those levels are breached. The tech-heavy Nasdaq composite and small-cap Russell 2000 indexes continue to lead evidenced by their shallow correction and strong recovery. Put simply, stocks are strong. Trade accordingly.

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