Stocks were gaining on Friday following monthly jobs data release. Investors' sentiment improved as the market broke above its recent trading range. Is this a new uptrend or just an advance within a few-week-long consolidation? Tech stocks rallied, but the S&P 500 index remained below its resistance level. There are still two possible medium-term scenarios.

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Stocks retraced most of their Wednesday's advance on Thursday, as investors' sentiment worsened again following euro zone crisis fears. However, the broad stock market trades back within its short-term consolidation and the S&P 500 index is above 2,700 mark. And there are still two possible medium-term scenarios. Will monthly jobs data release drive stocks higher today?

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Tuesday's trading session was quite bearish, as investors' sentiment worsened following new euro zone crisis fears. The broad stock market broke below its over two-week-long consolidation. Is this a new downtrend or just downward correction within an uptrend from the early May low? There are still two possible medium-term scenarios.

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Stocks remained pretty calm on Friday, as investors awaited long holiday weekend. But the stock market will likely open lower today following new euro zone crisis fears. Is this a downward reversal before going much lower? There are still two possible medium-term scenarios.

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Stocks extended their short-term consolidation yesterday, as investors continued to hesitate following early May rise. Will the uptrend continue? Or is this some topping pattern ahead of downward reversal? There are still two possible medium-term scenarios.

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