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Thursday, December 16, 2010

SPX Breakout

This is interesting. The SPX broke the pivot at 1236.50 and shot right up to 1240, and is now above that, so it is once again in the upper half of the trading range it has been in for the last week. CNBC is attributing the move to the Philadelphia Fed Index, but that data was released a full hour before this move.

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