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"In the short-term, the market is a voting machine. In the long-term, it is a weighing machine." Price began strong with the tailwinds of strong earnings from the likes of Goldman Sachs and Netflix. Although the SPY opened with strength, it closed with some timidity late, closing below the VWAP (bottom, right). The trade universe showed a minority of members that closed above the open including XIV, KBE, GS, NVS, TLT, and XLV.
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