Profit Taking Friday
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Will there be profit taking on Friday? Anything can happen with the unemployment report in the morning, but let’s dive into where we are in these markets. In 15 trading day the S&P is up 10% and has come into an important resistance level. You would expect bulls may find this a good place to take profits. If there are buyers who want to get long you would expect them to wait for a pull back with extended prices. The metal stocks have seen a huge resurgence. Let’s take a look at some of those metal stocks.
