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Stock Market Videos: Markets Nearing Key Breakpoint, Profit now

|Includes: BAC, CVX, HPQ, WFC, Exxon Mobil Corporation (XOM)

The markets are hovering slightly higher on the day. Volume is light which matches a Monday in late August. Price action however has been wild. The markets opened sharply higher, only to fall to the flat line. Gap fill support worked like a charm and the markets have rebounded to recapture some of their gains. Today and tomorrow remain as the pivotal days for a break down. Should SPY hold the $112.50 level through Tuesday, expect more upside for the next two weeks. If it cannot, the $110.25 level will get tagged and maybe a drop to $104.50 could take place. In other words, the next two days will make or break this market. Stocks continue to bounce around with gains on beaten down plays like Google, Apple, Chevron and Exxon. Generally there is a wide range of small gains. ...