Technical thoughts on Chemical stocks, Intel, Tesla and Bitcoin

The ability of SPX and NASDAQ to close up near its highs of the week is certainly thought to be a positive, not a negative as prices officially broke out of their long-term downtrends on a weekly basis for the first time since the market top.

Importantly, this rally certainly seems like a lot more than just short-covering.  Sectors like Technology have continued to gain ground over the last few weeks and Tech is now the third best performing sector ...

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