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Lows very likely in place as SPX gains further ground & Healthcare shows Leadership

The near-term picture has improved quite a bit technically with Friday’s upside follow-through on strong breadth after Thursday’s sharp reversal.  Incredibly enough, SPX and NASDAQ have managed to recoup 1/3 of the decline from early February in a mere two days’ time.

Healthcare and Energy showed promising strength, and both of these groups are favored for outperformance in March, with a particular interest on Biotechnology

Small-caps are n...

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