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Markets Show Possible Breakout On Daily Chart

The markets are surging higher in light volume trading.  The SPDR S&P 500 ETF (NYSE:SPY) is trading higher, +0.92, $110.38.  There is a possible breakout on the daily chart showing a target of the 200 moving average.  This target $111.45.

Gareth Soloway
Chief Market Strategist