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Traders work on the floor of the New York Stock Exchange March 5, 2013. The Dow surged to a new record on Tuesday, breaking through levels last seen in 2007 as investors extended 2013's rally.
Traders work on the floor of the New York Stock Exchange March 5, 2013. The Dow surged to a new record on Tuesday, breaking through levels last seen in 2007 as investors extended 2013's rally.
(Brendan McDermid/Reuters)

SCOTT BARLOW

Relax, the U.S. equity rally isn’t going anywhere

SCOTT BARLOW

 — The Globe and Mail

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ROB Insight is a premium commentary product offering rapid analysis of business and economic news, corporate strategy and policy, published throughout the business day. Visit the ROB Insight homepage for analysis available only to subscribers.

The U.S. market has entered choppy waters and with the Dow making new highs, some investors are concerned that equities are about to roll over and head lower. Technical analysis, however, suggests that the rally is still intact and merely pausing to correct early-year frothy conditions.