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SOX breakout helping to fuel Technology’s comeback

The 2022 bear market looks to be on thin ice - The SPX’s second straight day higher has successfully broken out above January 2023 highs.  This is a positive development which not only has surpassed minor downtrends from last Fall, but also is serving to exceed the entire downtrend from last January.  This is also occurring in the NASDAQ Composite and more recently was seen in the Russell 2k index in recent weeks.

While this doesn’t preclude some backin...

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