Discretionary extending run after breakout vs. Staples

Markets have ground higher in a way that seems perplexing to most investors who don’t utilize technical analysis.  While many are concentrating on earnings, or the endgame for Fed rate hikes, or studying 200-day moving averages (m.a.), Equity indices have successfully rallied above meaningful downtrend lines while many sector ETFs like Financials, Discretionary, Materials and naturally Communication Services have pushed to the highest level in months...

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