February 2024 Technical Strategy Update

What lessons we learned from January:

SPX, NASDAQ rally back to new all-time highs was certainly a bullish development despite some evidence of breadth waning.  Equal-weighted SPX, Russell 3k, nor Small and Mid-Cap indices have not yet achieved this move. Broad-based recovery from October into December largely faltered in the month of January.  Despite a +1.5% gain for SPX, the Equal-weighted SPX, NASDAQ and Russell 3k...

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