Closer to a Christmas Eve Close-Out Sale?

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The excerpt below is the brief Opening Notes segment from last Sunday’s NFTRH 579. We’ve been compelled by the market to obey the bullish trends and have a bullish view most intently since SPX went through the bull turnstile but really, well before that as it held the up trending SMA 200 in August and on another drop, again in September. The trends have been up all along and only broken trends would have made a broken market (I know, duh…).

Subsequent to #579’s bullish observation the market was tested this week on more trade war bullshit. And that’s of course what it is… financial media wax on/wax off to titillate or torment you with.

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Breakout Charts to Watch

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By Harry Boxer, TheTechTrader.com

Two retailers popping on earnings Thursday are among our top charts to watch.

Express, Inc. (EXPR) jumped $1.09 to $5 on 6.7 million shares Thursday, more than 4x its average volume. The apparel retailer released third quarter financial results that beat analyst estimates. After a 12-month decline, the stock has been in a rising channel since September, and Thursday’s 28% move broke it out above the channel top, closing right at lateral resistance. Next target is $5.75, last reached in January.

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Zoom Boom

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In a sea of green, there’s a lonely red buoy bobbing on the surface, which is Zoom Communications (symbol ZM). Zoom is right here in the Silicon Valley, and it was a sensation after its IPO, because it not only opened explosively (far, far above the offering price) and even after that it went into the triple digits. Since then, however, it has ground its way back down to its IPO day.

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