Leaders Gonna Lead

Google and Netflix have now pulled back to their respective rising 20-day moving averages. Sell volume has not been too bad. But now comes the big test, either way. Buyers should present themselves around current levels to support these two leading stocks. If it turns out that the pullback is too pretty or obvious, then we could see a trap door lower to start the holiday-shortened week.

Because they have been leading stocks in the market, it is worth watching to see in which direction they break.

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