Catch me on Fox Business News with Maria Bartiromo, Tuesday morning (3/12) at 8:20 am EST - 9 am, discussing technical trends along with CPI.

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

I continue to see the US stock market as being attractive, technically speaking, and do not feel sufficient risk is there to warrant a selloff at this time. While momentum gauges like RSI have gotten technically overbought, those are not great metrics with which to view the market.  Despite the churning in parts of Large-cap Technology in recent weeks, other sectors have rallied to pick up the slack.  It remains to be seen whether last week’s poor Jobs report signaled the start of a slowdown in economic data or whether CPI comes in “hot” for a second month in a row.  Technically speaking, I agree with Tom Lee that any volatility should lead to buying opportunities back to new high territory and it’s still expected that further gains above 5200 are likely in SPX next couple weeks which might reach 5250-5300 ahead of a possible period of consolidation.

A few key thoughts into CPI

US Stock Market has broadened out in recent months, and it's certainly not just a Tech dominated rally anymore.    Large-cap growth has faltered ever so slight...

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