Equities Continue Their Normal Pause; EBAY Looks Attractive

Equity markets continue to track a normal intermediate-term pause following the Q4 surge - The technical backdrop remains unchanged despite growing worries of the economic impact of the coronavirus. The S&P 500 remains above key trend support defined by its 15-week moving average near 3240 as weekly momentum indicators, tracking 1-2 quarter shifts, continue to unwind from overbought levels established in early Q1. In effect, the weekly rate of change over the past 3-5 months continues to de...

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