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The S&P 500 jumped to a new record high yesterday on signs that inflation is cooling. CPI came in at 3.4% in April year-over-year and lower than the March 3.5% print. It was enough to spark a broad-based rally as Treasury yields and the U.S. Dollar sold off. The Dollar broke below the 50 DMA, further sparking long liquidation. Our trend discovery system ...
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video Gold rallied to a new trend high of 2,397 on Thursday before encountering resistance and pulling back intraday. At the time of this writing gold is on track to complete the day with a narrow range, reflecting a pause in the advance. Resistance was seen at the 78.6% Fibonacci retracement and further confirmed by a top rising trend channel line that ...