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The pull back has been swift to say the least. The key here is to see what happens under the surface. If the leaders start to react poorly and show signs of distribution. It could be a warning sign of worse action to come. A sign of strength would be for the leaders to hold up very well. That is key. So far stocks such as LULU FTNT NFLX CMG QCOR to name a few are holding up very well. If they start to show signs of cracking, I will lean more to the defensive side.
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