Another rally day for the market.
SPY broke out of a descending channel and closed at a resistance level. Given the strength in Technology QQQ and small cap IWM , SPY should eventually break out. However, at this point market is getting overbought. Just something to keep in mind. I wouldn’t surprise too see some basing action. Watch list names remain red hot. ATHM,BIDU, DRNA, TTOO nice runners from the list.
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