Technology saves the day again, as 2023 resembles late 2021

Thursday’s breakout in SPX and NASDAQ look technically significant, and suggest that the lows for this March decline likely were made this past Monday.

Volume proved heavy with advance/Decline data showing roughly 3/1 bullish breadth and volume flowing into advancing vs Declining issues at a bit heavier rate.

Technology extended gains along with Financials, as the major banks finalized a rescue package.  Technology’s resilience has caused the...

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