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Macke: Sell the Rally


Tuesday’s “snap-back rally” is not indicative of a broader bull market, Jeff Macke said on “Closing Bell.”

In an oversold market like this, Macke said, the best thing to do on a short-term trading perspective is to sell into rallies.

For investors who want to use the weakness to build positions, Macke suggested buying best-of-breed and nothing less. Invest in names with intact fundamentals, but don’t expect to go “off to the races” in even the most sound stocks, he said.

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FTIEBX
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MSFT
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