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Market Overview

02.01.10 - Tepid Bounce Effort

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This is a fairly weak bounce effort coming into the new month.  There is most certainly a disconnect between economic news and investor sentiment cycles here.  Meanwhile, internals are strong enough I expect the gains to hold.  If we can't regain the five-day moving average soon though, there will be speculation over whether this is true stabilization or just another pause in the trend.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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