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Stocks Still holding support on weakening momentum

US stocks closed out last week with a bang, as the combination of short-term technically oversold readings and a better-than-expected September jobs report bounced stocks sharply off the Thursday morning lows, rallying right into Friday’s close.

  • Watch biotechnology stocks for clues on any further selling
  • Overbought USD should bring relief to commodity and energy-related stocks

Read my full analysis here: https://www.tradingfloor.com/posts/us-stocks-still-holding-support-on-weakening-momentum-1869079

 

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