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In America:

Dow Industrials +2.2%
Dow Transports +2.84%
SP500 +2.49%
Russell 2000 +2.91%
Nasdaq100 +3.12%

Comment: A very strong session on high volume. Europeans also up strongly with the European Top 100 up 2.41%

NewHighs/NewLows 251/13. NH>NL. The ratio of NH/(NH+NL) is at 95.1%. Back in the Do Not Sell Zone.

Technical Comment on the Dow 30:

The Dow finished at 12880.1. Support/Resistance: 12810/13267
Indicators:
Stochastic: 60.8. Above its signal line. Positive.
RSI.9 is at 64.2. Positive.
MACD Histogram. Marginally below zero. Neutral. But moving up.
MACD. Above zero. Positive.
CCI.14: +96.5. Positive.

The 10-DayEMA (blue dotted line) is above the 20-DayEMA (red dotted line). Positive.

The medium term trend is up. The short term trend is up.

Not much to say. An extremely strong day. Expect more upside, although the next session might show a little weakness – or at least a narrow range day. The highs earlier in the year now look achievable. Resistance at 13267.

The base for all this was set up back at the beginning of June with the bullish four day set up. The recent pull-back to the middle Bollinger Band followed by this session's strong rise is confirmation of the bullish stance.

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