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Earnings and the material sector keep us positive on the day!

Without any major economic news today the focus was on earnings and the chart. Intel had a share buy back program to renew some optimism. Shares of Alcoa were up 4% as they forecast further demand. Copper demand was also up based on China’s growth. Other stocks were mixed. The real question is whether this  market can penetrate $1296.25 ? This particular zone becomes pivotal in the direction of the E-Mini S&P 500 as traders size up the bulls and some of the key components of a bull market. 


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