Deron Wagner's updated assessment of industry sectors in the domestic markets indicates that the various biotech ETFs are still showing the most relative strength and bullish chart patterns.
The market is attempting to pull up into a second high. If it can make a second low on the 30-minute time frame with lighter volume and a more gradual pace than Wednesday's intraday pullback, then it will allow the indices to break through this week's highs ahead of the weekend.
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