James Taulman
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Dow and S&P 500 Hold Key Support

After pulling back to 50-day moving average support on Friday, the Dow and the S&P 500 held above those levels on Monday.

Ideally, we would like to see these major averages hold above those important technical points, while possibly digesting the rally from the lows with some healthy consolidation.

Still, need to see more convincing action, but with stock futures being up this morning and nearly every major global index rising – so far, so good.

As far as individual stocks…

We had THO and CCI break out from the Technical SetUps WatchList, yesterday.

Here is a one stock that remains on my TrendLine SetUps WatchList, which am I monitoring for a buyable breakout.