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Stocks Make Up Ground in a Hurry

By The Chartman FOXBusiness

Sometimes the market makes you look silly, and this past week was a great example. I felt for certain Monday would be a turnback day, but instead the bulls took over and just kept moving north.

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However, it gapped up right to the yearly high Friday morning: tough resistance to overcome. We’ve now gone a long way in a short time, and the best way to secure future gains is for the market to move sideways, build a base, and then break out for the last two months of the year.

Speaking of breakouts, Exxon Mobil (XOM) did just that on Friday. Is oil making a comeback? Well, XOM certainly is.

And along the comeback line, LinkedIn (LNKD) broke its fall slump with a terrific move Friday. I think it now moves well past the $230s.

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Back next week to see if the bulls can make yearly highs.

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