A.M. Look 10/23/15

China cut rates by a quarter of a point last night. Along with the tech companies all up app 10% on earnings.
You could see a little profit taking after the U.S. opens in specific names but I doubt it will be much given it’s Friday.
Nasd 100 has reached it’s initial swing count for this rally.

Spu’s…traders should use 2055 which is the 200 DMA and unchanged on the year for your support and downside pivot #.

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