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In the May 30 issue of The Wagner Daily stock newsletter and on this blog post,  we stated that the S&P 500 SPDR ($SPY) and PowerShares Nasdaq 100 ETF ($QQQ), two common ETF proxies for the broad market, would likely need to “undercut” support of their respective 200-day moving averages before a significant bottom and reversal […]

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Over the past five sessions, the stock market has begun showing signs of a potential bullish reversal. However, there is still a lot of overhead supply stocks must overcome, so we are cautious about changing our bearish sentiment of the market. A quick technical review of support and resistance levels on the daily charts of […]

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