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Bulls Feeling Good

|Includes:SPDR Dow Jones Industrial Average ETF (DIA), QQQ, RTH, SMH, SPY, XLF

We can't ignore the bull as price-action treads evenly with major moving averages.



A modest sell-off at the S&P 500's 200-day average has collected one distribution day, which while a concern to bulls, won't mean much unless more follow.

With semiconductors (NYSEARCA:SMH) and finance (NYSEARCA:XLF) convincingly above their 50-day and 200-day averages, the broader picture clearly suggests significant strength.

Though unless retail (NYSEARCA:RTH) can follow suit, it will threaten the sustainability of this four-week long rally off lows.

Stay tuned,

Dan
thegrowthstockreport.com

Disclosure: Short: DECK, CUZ, TEX

Stocks: DIA, SPY, QQQ, SMH, RTH, XLF