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Outlook Still Positive for Stocks

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Market Commentary

This week the major stock market averages all closed above the previous bull market peaks established in April of 2011. As I have pointed out over the last 4 weeks, a new closing high above a peak established at least 6 months earlier in a bull market of 2 years or more, has very positive implications for the stock market’s performance over the ensuing 6 – 12 months.

While it is true that markets don’t go straight up, consider this excerpt from a story in today’s Wall Street Journal ...

CLICK HERE TO READ MORE ... including Chaikin Power Gauge ratings for strong stocks in strongest Industry Groups, and weak stocks in weakest Groups.

 

Sincerely,

Marc Chaikin

Marc Chaikin


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Disclaimer: Chaikin Stock Research LLC is not a financial advisor, and does not recommend the purchase of any stock or advise on the suitability of any trade or investment.  The information presented is not to be construed as an endorsement, recommendation, investment advice or any offer or solicitation to buy or sell securities of any kind but solely as information requiring further research as to suitability, accuracy and appropriateness.
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