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Not many winners in the Dow Jones Industrials today.  WBA is an exception.  Shares have been green since the bell as they head for a 3+% gain.  Impressive divergent action to say the least.  This powerful move is driving the stock well past last week’s high while the $SPX dips below last week’s lows.

The 50 day moving average has provided solid support since early November: https://twitter.com/GarySMorrow/status/1326233878428790785?s=20.

The 50D has held the last two weekly lows.  

Daily MACD, which reached overbought levels shortly after the vaccine news in early November, https://twitter.com/GarySMorrow/status/1326233878428790785?s=20, has been completely worked off.  MACD begins the new week at neutral. 

Will WBA be a leading in the new year?  Impressive way to start 2021.  We are long in some managed accounts.