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The Stock market doesn’t seem to want to go up anymore

Looking at just today’s action, the S & P 500 definitely seems to have taken on a different personality from what we saw from December 1st into February:

The increases aren’t coming as easily anymore, as the inability to get through the resistance at 1322 shows. Tomorrow, of course, could be a radically different story, but I’m getting the feeling that the long ride of easy gains is at least temporarily behind us.

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