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Stock impact report

These two groups of stocks could forecast the market's next move, strategist says [MSNBC.com]

Dollar General Corporation (DG) 
Last dollar general corporation earnings: 3/12 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.shareholder.com/dollar
Company Research Source: MSNBC.com
and housing.Those two consumer-driven sectors could be key to determining the market's next move, Miller Tabak chief market strategist Matt Maley told CNBC's"""Of course, both are very, very important to the economy," Maley said, referencing the charts of theSPDR S&P ETFiShares U.S. Home Construction ETFThe retail ETF has been making constructive moves since its late March lows, hitting a higher low followed by a higher high, Maley said."The fact that it's followed it with a nice higher high is positive. However, the thing is the group had obviously got hit much harder than the rest of the market in the downturn," he said. "So, it's going to need to play catch-up. We're going to need to see more upside follow-through in that group."He said the same goes for the ITB, which also recently made a higher low and higher high."That one went down 50% when the group got hit and when the rest of the market got hit. So, again, it's got to play catch-up," Maley said. "And the thing is if these t Show less Read more
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