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The major stock market indexes kept their uptrends intact after a mixed Thursday, writes technician Guy Ortmann, though he notes his firm is becoming more reticent about chasing price at current levels given some of the data and valuation issues.
As Charts Improve, Some Data Turn Cautionary
Investors Should Respect the Current Market Uptrends
While a near-term pause may be in the cards for the market, improvements in trend and breadth are encouraging.
Has a Key Market Propellant Now Been Spent?