Momentum being overbought does not necessarily mean Stocks are vulnerable

Equity trends show no evidence of wavering.  Despite this week’s mild consolidation in Equity indices, the Cyclicals have managed to kick into gear to provide support to Equities and little evidence of any trend break has occurred in uptrends of QQQ nor SPX.  Technically speaking, this week’s mild consolidation should represent a buying opportunity for a push higher into mid-March before any consolidation sets in.  Im...

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Ray: 762896-8f6187-eb4926-f506a5-43e21b

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