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Stock Market Videos: Wild Swings As Key Levels Create Profits

The markets opened sharply lower on continued European panic. As the markets were at their lows, the Dollar hit a major resistance level. Because of their inverse relationship, the Dollar hitting resistance would cause the market to bounce. Sure enough it did. MA was covered for over a $40.00 profit and FCX was taken as a long at $28.90. Within an hour, the markets and FCX had bounced so much that profits were being taken. FCX gained $2.20 for subscribers in just an hour or two. As the markets bounced, the SPY hit the master level of $110.30. This signaled market resistance and sure enough the markets have pulled back. 

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