October 6, 2017 — GOOGL has a new long breakout setup with a recent squeeze. - Simpler Stocks

After a mixed session yesterday, the major indexes registered positive gains on Thursday. Advancing shares outnumbered declining issues by a 1.6-to-1.0 ratio, a bullish turnaround from yesterday’s slight selloff of small- and mid-cap stocks. Tomorrow’s nonfarm payroll release from the Labor Department will be closely watched, as it will serve as a major bellwether for the Federal Reserve’s near-term monetary policy. While the Labor Department’s release tomorrow morning will grab the headlines, we expect profit takers to perhaps cut into recently elevated valuations as the week comes to a close.