Dan Fitzpatrick: We've Transitioned into a 'Buy Weakness' Market

Technician Dan Fitzpatrick did a great job this morning explaining how moving averages transition from downward-sloping smoothing mechanisms to upward -sloping. When asked about these 'Golden Crosses', he suggests looking at it as more of a confirmation of an uptrend rather than an initial buy signal. I couldn't agree more.

Here is the video in full:

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Technicals Signaling a Pullback (CNBC)

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