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Market Lab Report - Premarket Pulse 1/20/17

Major averages fell on mixed volume. The NASDAQ Composite sits at its 10-day moving average while the S&P 500 got support at its 20-day line. Futures are higher ahead of Trump's inauguration at noon today. China reported its latest growth figures with year-over-year GDP growth (+6.8%) hitting a one-year high despite weaker-than-expected Industrial Production in December (+6.0%; expected +6.1%).

Netflix (NFLX), which has been on our Focus List as of late, posted a buyable gap-up yesterday but closed weakly. However, it did set a 138.25 intraday low yesterday, which is holding as of this morning's pre-open trade. This would keep the BGU in play, using the 138.25 price level as a selling guide.

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