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The video in this report is only accessible to members

The sudden reversal seemed to catch many off guard at a time when many were convinced that Equities and Treasuries had begun new bear trends.  The sudden About-face in Yields  looked particularly negative technically for 10 and 30-year Treasury yields, while Equities reversed sharply off their lows, with SPX gaining over 50 points off the lows coinciding with this rollover in Yields.

Overall, SPX requires a move back over 4060 along with TNX getting under 3.84% to have real conviction that a larger rally is upon us.  That has not yet happened.

However, the combination of sentiment having become suddenly much more bearish on recent economic, geopolitical, and policy events makes a bullish stance necessary as February nears conclusion.

As discussed previously, SPX has failed to break down sufficiently towards thinking this bull market rally from last October has run its course.

Technology continues to strengthen, and given Semiconductors recent lift, this looks very good for additional outperformance from this sub-industry.  SOX in particular managed to lift back up over early February lows former support now resistance) making it likely that further gains are forthcoming.

Aside from rates starting to rollover, Coppe...

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