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Nice Pop, Now What?

 

After a volatile and fun market the last few days let’s see what the rest of the week has to offer.

One thing to note is that we have the nonfarm payrolls (NFP) job report on Friday morning, which could upset this market.

After a big drop from the S&P 500 (ES), the market held, chopped, and finally popped through resistance to the daily mean at $4,389. This is an important reminder that every pullback is just that — a break from the market’s bullish run higher. 

Let’s review compasses in the market, like volatility (VIX), that we’ll be watching as a gauge for the market’s direction, as well as identify key levels on TSLA, ROKU, and other stocks on our focused list. 

Stay Focused!