Another New Breakout
Pretty quiet action this week until we got news that the Fed is looking to raise rates sooner than later which increases the likelihood of a raise in June before summer recess.
Stocks like this news and are breaking out now with GOOGL and AMZN in a heated battle to win the race to $1,000.
Many charts are coming around nicely and we should have a lot of new buys emerge over the days and weeks to come.
SPY is back at its old tricks and moving higher.
Amazing action to be sure.
All clear for higher prices now.
Enjoy your evening and have a wonderful long weekend to come.
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Where do you stand on a pull back that Analysts are beating drums about? Some to the tune of 40%!
And what of the pull back that Analysts are drum beating about?