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And then there is Natural Gas, which again is showing a bit of life on the upside as it carves out an 8-session sideways range, or bottom, between 2.83/2.85 on the high side versus 2.76-2.75 on the low side. Whichever side of the range is violated and sustained, will trigger follow-through to either 2.90-2.93 or to 2.70-2.68. Given the positive juxtaposition of my nearer-term momentum gauges with the sideways price action, my bias is for an upside resolution to the current pattern set-up. The Model Portfolio is long UGAZ at 11.07.
The stock market had a very interesting, positive day on Tuesday as all three indices opened to the upside, consolidated early morning, pulled back slightly, consolidated again as it worked its way down to the lows for the day. The Nasdaq 100 from 7417.26 all the way down to 7314.38, and the S&P 500 from 2829.87 to 2803.99, but in the last five minutes, they popped to 2818.75 S&P 500 and 7351.03 Nasdaq 100 and closed positive on the day. Net on the day, the Dow was up 140.90 at 25,657.73. The S&P 500 was up 20.10 at 2818.46. The Nasdaq 100 was up 34.19 at 7351.15. Advance-dec
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