April 26, 2024 -- Blinking Yellow Light: Proceed with Caution
Manage episode 414787998 series 3499104
After a strong start this week, the market hit some resistance on Wednesday, slipped Thursday only to break above the 21-day moving average Friday. Several stocks are breaking out, and many A.M.P.D. traders are cautiously beginning to take new positions while we watch for a follow-through-day and for the leading indices to break back above the 50-day moving average.
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