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Energy weakness should reverse by late January

2023 has gotten underway with a greater than average amount of range-bound consolidation, and prices lie right near levels made last December.  Unfortunately, without any evidence of prices breaking back out above SPX-3900, it will continue to be difficult to think trends are bullish, particularly with AAPL and MSFT having pulled back recently to new multi-week lows.  The detrimental effect of these stocks’ weakness on the SPX and QQQ is likely greater t...

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