The video in this report is only accessible to members
The video in this report is only accessible to members

The near-term churning in Stock indices over the last month has been accompanied by a notable slowdown in momentum and market breadth as might have been expected when short-term uptrends morph into sideways consolidation.  This slowdown resulted in 4100 having been tested twice now in the last few weeks, while defensive rotation took center stage as Technology underperformed.  Long-term Treasury rates now look to be trying to bottom out, and this should adversely affect Technology even more in the weeks to come and is certainly quite important to watch carefully.   In the short run, it’s tough to have much conviction on direction on a 2-3 day basis given that prices are right in the middle of a giant 200 point one-month range.  It’s expected that any rally attempts up to 4100 should be sold, while declines under 3965 should bring about a retest and possible break of early December lows near 3918.

The video in this report is only accessible to members

Top Technical laggards to avoid heading into 2023

Below I’ll discuss some of the popular technical breakdowns that have happened recently in a few stocks that have made these above-average technical laggards to avoid as the year draws to a close.  These are based on a combination of p...

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