James Taulman
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Rally Underway Yet Nothing to Buy

The market ended the holiday-shortened week posting solid weekly gains. However, the major averages closed in the lower half of their weekly range. This is a subtle sign that the bears are still in control.

This week’s trading sessions were calmer than the two previous weeks, where the market saw big swings in both directions.

In the end, the Dow Jones Industrials gained +330.71 points, or +2.05%, and closed at 16433.09.

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