VIX down to support as “FAANG” hits resistance

Increasing signs of stalling out in US Equities ahead of a potentially very important Jobs report on Friday (8/5), and stock indices largely continue to be fairly resilient amongst a sea of gloom on the economy and earnings.  To the bears’ chagrin, this rally has happened amidst widespread participation and a 17%+ rally in Equal-weighted Technology over the last month ($RYT).  Moreover, the breadth improvement in the rolling 30 days provides mor...

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