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December 17, 2012 at 17:25 PM EST
Minyanville's T3 Daily Recap: Banks Lead the Charge as Market Ends Losing Streak
The market ended its three-day losing streak paced by the Nasdaq with a 1.3% gain. The Dow was the weakest index but still finished with triple digit gains (0.76%). The hope of a fiscal cliff compromise is growing as each side makes small concessions perhaps softened by the unspeakable tragedy in Connecticut. The banks led the charge today. After waiting patiently for the breakout in Bank of America (NYSE:BAC) above $10 we finally got that move on December 5. The stock put in a very nice tight bull flag after that move and today broke out of that range. ...
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