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The video in this report is only accessible to members

Trend bullish- Expect that this week’s minor weakness is buyable into end of week for a push back to new monthly highs into mid-July.  Under SPX-4300 represents the first sign of possible pullback, which looks premature at this time.

SPX’s late day rally prevented the four-day losing streak from taking hold which would have just been the third time this year, surprisingly enough.  This snapback likely should help SPX claw back to new weekly highs, and a bullish stance remains preferred.

Specifically, this past week has brought about some weakness in the Regional banks, while concurrently boosting parts of Healthcare like Medical Devices and Pharmaceutical stocks.

Technology (Tech), meanwhile has fared the worst over the last five days, but this has directly followed a very steep run-up for Tech.  Moreover, Tech stocks are still leading on a 1 month, 3-month and Year-to-Date (YTD) basis, and should continue to outperform into July.

Sentiment gauges have slowly begun to reflect some of the recent rally over the last few weeks.  However, financial media and many investors are still quick to point out that $QQQ is now quite overbought on daily charts, and that we remain in a low volume env...

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