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A Good Day for Dow to Be Up

Oil prices continued their downward trend, this should be a good day for the Dow to be up but you will never know.  I think today main focus would be on the durable goods data which will show if factories are expanding their manufacturing capabilities or are shrinking.   This in turn would give a rough gauges to the contraction or expansion of the economy.  This is a leading indicator which would help fathom the depth of USA economical growth or subtraction.

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