Lows are growing near; Yet a lot of damage has been done

It’s important to take stock of the damage after the Banks crisis led many other sectors down sharply and has caused some greater technical damage than what was seen a month ago.

Deterioration in Industrials, Discretionary, Materials, Healthcare and more recently in Energy and Financials has resulted in intermediate-term trends giving way and weekly momentum (per MACD) rolling back over to negative. 

Technology, to its credit, has enjoyed a very sharp period of...

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