Note that we're seeing upside breakout moves today inwards both the stone oil (top chart) in addition to emerging markets (bottom chart) ETFs. The mutual denominator is a renewed increase story inwards mainland People's Republic of China in addition to indications of a global expansion of manufacturing activity. That is giving a bullish musical note to stocks overall this morning, though nosotros stay inwards that multiday attain inwards the ES futures. Should markets choke on to run into opportunity appetite inwards the wake of stronger economical data, I would hold off that attain to last ultimately resolved to the upside.
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