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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.
Stock market indices opened to the upside on Thursday. They moved up, consolidated, rolled over, and reached session lows at the start of the noon hour. They then rallied back up, forming coils and wedges, pulled back on Fed Williams rate cut statements, and then took off. With an hour to go, they reached session highs on both indices, came down, and had a nice pop into the close, to end the session on a very positive note. Net on the day, the Dow was up 3.12 at 27,500.69. The S&P 500 was up 10.69 at 2995.11. he Nasdaq 100 was up 15.37 at 7904.13. Advance-declines were 3 1/2 to 2 pos
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