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1-20 Market Analysis (US)

S&P had a strong closing today and it was a good follow through. S&P is started moving up since Dec 20 and we haven't see a major down days. Market should have some pullback or consolidation next week or so. That will prepare market for another big move up. It will be interesting to see how market behaves around 1350 price range.

Big cap stocks didn't have much action today. They looks little overbought at the moment. But nothing major to point out.

I am bullish until we see close below 1289.

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