Evening folks! Well the market finally came out of this tight consolidation we have been in for the last day. A light morning followed with some nice afternoon strength put us right at yearly highs on the s&p. I couldnt really see any particular catalyst for it the market is just showing us that it wants higher prices. Price action was nice today with some solid breakouts in many names. Lets see if we follow through tomorrow and break this market. This long consolidation worked off the markets overbought condition shorterm which should allow for a little to sit in the burner.
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