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“Backing and Filling” has begun following first runup off Oct lows

US Equity markets technically look to have bottomed and are slowly progressing off early October lows.  Both US Dollar along with Treasury yields have backed off in recent days following last weekend’s attack on Israel.  The expansion in breadth and broad-based nature of many lagging sectors turning higher to break out of 1-3 month downtrends in recent days looks constructive technically, and lends support to a further October rally....

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