Is This the Santa Claus Rally We’ve Been Waiting for?

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The NASDAQ held the uptrend line that has been in place seemingly forever even after a sharp sell-off to start the week. The QQQs are about as neutral as it gets from a technical perspective. Shares did close back above the 20-day moving average.

Still below the all-time highs but we will see if it challenges the $400 area into year end.

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