Stocks continued their rebound for the second week. The S&P 500 index closed this week at 1117 up 2.37%, the Dow Jones Industrial Average increased 2.35%, and the Nasdaq composite index gained 2.95% for the week. The S&P 500 index closed 5 points above it 28 week moving average. We need to wait for its slow STO[15,1] to break above 50 for confirmation of the up-trend(see chart below).
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