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Utilities pushing back to new all-time highs

SPX’s gains have now extended for the third consecutive day, which hasn’t been achieved since late January.  Two-month SPX downtrends from early January are being tested, while momentum based on daily MACD has turned back to positive.  Does this mean the lows are in?  Unfortunately, without weekly momentum starting to stabilize nor trends being broken, it’s still difficult to weigh in positively on this bounce.  Groups like Utilit...

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