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Hello Everyone,

Here's a link to Tonight's Newsletter.

Quick Comments: Last Friday the Dow and SPX closed down for 8 and 7 weeks respectively, which only occurred a couple times in the past 90 years. This week we are getting a logical reversion to mean bounce with the indexes up 0.75% to 2.75%. I've presented some long ideas since the weekend, many of which have provided trade opportunities (UDMY, DLO, UPRO, WMT, GUSH, SLB, COP, GDXJ, NEM). I also added a handful of new long setups tonight to monitor for trade ideas

High Yield Corporate Bonds have rallied strongly the last two days; the general market tends to move with this group and perhaps this is a good sign

Bitcoin remains in a very narrow range as we've been showing on the 2hr time frame - I suggest monitoring this closely. 

As far as the market even though it's up this week, so far it's been choppy and best to focus on a few individual trade ideas

best to your evening, 
Matthew Frailey

Providing high quality market analysis with an emphasis on technicals education since 2003.

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Edwardsville, Illinois 62025
support@breakpointtrades.com
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