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John Carter Markets Analysis: SPY, QQQ, AAPL, AMBA, SHAK, BWLD, PZZA, LLTC, LLY, URI

Stocks have seen a pretty healthy decline from the highs two weeks ago and we're finally starting to see a test of deeper levels of support.

Stocks have seen a pretty healthy decline from the highs two weeks ago and we're finally starting to see a test of deeper levels of support. I'm not quite ready to call for a low, but we know how resilient this market has been. Some of the big names and tech stocks were hit the hardest during this decline and I like the idea of starting to have some smaller names on board, names that haven't already seen their advance. Names like Ambarella, Buffalo Wild Wings and Shake Shack fit the bill and will be on my watch list in the days ahead. A few of our existing positions have pulled back with the market but there's a few levels I'm expecting at least a bounce from.

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