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  Forex Technical Update EUR/USD Still Bullish after ABC Correction; 1.4450 is critical (7/5) EUR/USD - As the market trades into the European session, EUR/USD is being rocked. - The initial stage of the triangle scenario appears to be taking shape. - The 1H chart shows the market after a strong break below 1.4450 was then followed by a pullback. The pullback respected the previous consolidation area, and fell sharply back below the 200SMA to confirm the topping attempt. - The 1H RSI reading  shows the market establishing bearish momentum dipping below 30. - The daily chart shows the triangle scenario developing. The middle of this triangle is near 1.4330. - If the 1.4330 pivot is broken, the triangle support is projected conservatively to about 1.4250, and aggressively towards 1.42. - By that time, we should have completed a 5-wave triangle, ready for a breakout to the upside, following the direction of our previous trend. Information and opinions contained in this report are for educational purposes only and do not constitute...

The following stocks hit new 52-week highs in Wednesday's trading session (listed from highest total volume to lowest): 1) Wendy's/Arby's Group (NYSE: WEN): Shares of Wendy's/Arby's hit a 52-week high of $5.45 in Wednesday's trading session. The stock closed at $5.41. The year-to-date performance of Wendy's/Arby's has been a gain of 17.1%. 2) Halliburton (NYSE: HAL): Shares of Halliburton hit a 52-week high of $52.72 in Wednesday's trading session. The stock closed at $52.66. The year-to-date performance of Halliburton has been a gain of 29.4%. 3) Kinetic Concepts (NYSE: KCI): Shares of Kinetic Concepts hit a 52-week high of $67.38 in Wednesday's trading session. The stock closed at $66.20. The year-to-date performance of Kinetic Concepts has been a gain of 58.1%. 4) Kraft Foods (NYSE: KFT): Shares of Kraft Foods hit a 52-week high of $35.87 in Wednesday's trading session. The stock closed at $35.85. The year-to-date performance of Kraft has been a gain of 15.8%. 5) Cablevision Systems (NYSE: CVC): Shares o Cablevision hit...

The following stocks hit new 52-week highs in Wednesday's trading session: 1) 8x8 (NASDAQ: EGHT): Shares of 8x8 hit a 52-week high of $3.97 in Wednesday's session. The stock was heavily sold into, however, finishing 7.7% lower on the day at $3.48. The year-to-date performance of 8x8 is a gain of 46.2%. 2) American Capital Agency (NASDAQ: AGNC): Shares of American Capital hit a 52-week high of $30.74 in Wednesday's session. The stock was able to hold onto most of its gains, finishing 0.5% higher on the day at $30.70. The year-to-date performance of American Capital is a gain of 11.9%. 3) Cabot Oil & Gas (NYSE: COG): Shares of Cabot Oil & Gas hit a 52-week high of $60.64 in Wednesday's session. The stock was heavily sold into, however, finishing 4.3% higher on the day at $58.31. The year-to-date performance of Cabot is a gain of 54%. 4) Forest Laboratories (NYSE: FRX): Shares of Forest Laboratories hit a 52-week high of $37.12 in...