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Why This Technical Analyst Says That 7 Is a Lucky Number for the Market

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Despite the incredible momentum in stock such as Digital World Acquisition Corp. DWAC, the market overall was mixed in Friday's trading session. 

The Dow and the S&P 500 hitting fresh record highs and offsetting a pullback in tech stocks linked to a warning on ad spending from social media group Snap, as well as another move higher in Treasury bond yields.

TheStreet's Martin Baccardax noted that global stocks are on pace for their third weekly advance, however, following last night's record-high close for the S&P 500 -- 33 days after its last peak in early September -- a series of stronger-than-expected third-quarter earnings reports and the lowest level of weekly jobless claims in nineteen months.

Action Alerts PLUS co-portfolio manager Bob Lang discusses what he's watching in the markets. 

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