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After a back and forth shortened week, the markets tested but held their first support levels moving into Friday’s session. Early action points to a green open, and it’s anyone’s guess after the that. The wild intraday action has made it tough for swing traders to stake out new possible positions heading into the weekend. Cash is a position, but if the markets show strength moving into hour 2, we could see some sidelined money looking for both the leaders and laggards in various sectors.
Notable earnings this week:
Friday, DE, DTE, ERF, MGI