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Ready for Mutual Fund Monday?
Tomorrow may not be Monday but it is the 1st of a new month. As Mutual Fund managers put new investment monies to work tomorrow, they will likely be marking the good ones up. How do we take advantage? Look for sideways to higher in the major indices tomorrow as indicated by the resilience of the Nasdaq and Russell today. While the Dow was trying to lead lower from the early morning hours, the Nasdaq refused to play along and sit down. In the end, it was the Nasdaq left standing tall as the markets went out near their session highs. More to come tomorrow.