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It’s been a lackluster several days for US equities as major indices have been treading water amid the political waves hitting the tape on a daily basis. Yesterday, stocks managed to buck the trend and the rally came right in time for the Nasdaq 100. After falling below its 50-DMA on Tuesday, the Nasdaq 100 looks to have successfully tested its uptrend line from the December lows. The Nasdaq 100 was also able to close back above its 50-DMA, but the lower high relative to July remains in place.