Despite less than favorable news nearly everyday this week the $SPX climbed higher with a near 2% gain for the week. The bears just can’t seem to get any momentum as each drop was met with buying. The broader market looked to have lost the 200 sma early Friday just after gaining a foothold earlier in the week, but nothing doing. Not sure whose buying and really don’t need to know. Enjoy the links and your weekend as we will rally into the FOMC on Tuesday. After that, who knows.
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