MLR - Premarket Pulse May 7, 2013

Published : May 7 2013 at 9:01 ET

Major averages rose on lighter volume in a relatively quiet day of trading. The UK market was closed yesterday due to a bank holiday, and European markets finished nearly flat. The Market Direction Model remains on a buy signal, and we note that reasonable progress has been made since the most recent buy signal, despite having to sit through a sharp pullback in the indexes that occurred in the earlier part of April.

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