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Thursday, September 5, 2013

Thursday Morning Update

We have what seems to be a very narrow range, but considering that we are right in the middle of a resistance zone, that is probably about right. 1660 looks like the level of reistance we need to get through today, and so far, it is looking like we might. Among the sectors XLE and XLF are leading. XLP and XLU lagging. The Nasdaq and Russell 2000 are about even. I have oil up, gold down, treasury yiellds up.

I have 94 new highs so far, with breakouts in ENVI, TPGI, HSOL, KONG, HIMX, and CHTP. I have 3 reports this morning: CVGW up 5.4%, JOSB up 5%, and TITN down 3.9%.

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