Traders,
Although there is some risk of further downside, SPY seems to have found some support at 550 where it bounced. My hope is that 550 holds for at least this week. That being said, my indicator has given us a nice signal right here on a stock that I have been eyeing for a few weeks. And with nearly a 50% drop in the last month, it looks like buyers are now stepping back in. The stock is:
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