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Stock Market Winning Streak Extends

EQUITIES
  • A close at current or higher levels for the e-mini S&P would extend the winning streak for the contract to nine consecutive sessions, the longest such streak since October 2021.
  • Bluechip names are outperforming, helping the e-mini Dow higher by close to 100 points or 0.3%, while the NASDAQ future remains higher, but by a more moderate 0.15%.
  • Next upside level for the E-mini S&P crosses at the mid-Oct high of 4430.50 ahead of the 50-dma at 4457.29. Uptrendline resistance crosses at 4435.50, drawn off the Jul27 high.

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