Going into this week, Deron Wagner will be looking for strong ETFs, such as SMH, that pull back to support of their 10-day moving averages, and other similar areas of support.
Indicators from overseas action on Monday in Asia and Europe, plus a firm bid on US futures, suggest that the S&P 500 could continue moving ever closer towards the 1000 target.
A lot of bullish commentators are talking about a recovery being in the works, and they may very well be right. But it is not going to look like any recovery worthy of the name.
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