New Highs and Resistance

By Investor’s Yak

Major indexes (i.e. NASDAQ, S&P500, and Dow Jones Industrial Average), are moving towards their third attempt at busting through all-time price high resistance. If achieved it could become a new bullish run and many individual stocks will follow. However, use caution in holding stock positions; retain winners if new highs are achieved, take profits when new price highs fail, and don’t let a small loss turn into a bigger loss.

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