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Daily Note

Percentages And Divergences

Oct 8, 2020

Thomas Thornton

  • It's another day that doesn't have a lot going on
  • Sure the markets are bid with various things including stimulus hopes, increasing odds of a Biden/blue wave/uncontested win
  • Today I'm looking at some longer-term charts of the major indexes with the percentage of stocks above the 50 day moving average
  • Political headlines are still the shorter term intraday risks
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