Alex's daily Market update & Focuslist report - 11/19
GDB closed at +651 as we invalidated Thursday's reversal and confirmed the ongoing uptrend.
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Friday was OPEX, so we'll need to see how it impacted the day's action, but overall we saw string action as we continued to digest the recent move in a positive manner & breadth.
While ES/NQ are very extended, they refuse to break down and we see constructive action in the broad market as accumulation & tight action at key levels remain to be seen. It's refreshing to see this market rally broadening and seeing beaten-down stocks & sectors turning the corner in a healthy way.
I continue to play the broad market trend, and right now it's firmly & strongly up.
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