The video in this report is only accessible to members
The video in this report is only accessible to members

Equity trends show no evidence of wavering.  February managed to finish with gains greater than 5% on the heels of three prior months of gains, and this winter rally still shows very little signs of “letting up” as more and more sectors have begun to show participation.  Following new monthly all-time high closes in S&P’s Equal-weighted S&P 500 ($RSP) as well as the NASDAQ Composite to join SPX, QQQ, and DJIA, further gains look possible into mid-March ahead of possible minor consolidation.  Outside of US indices, it’s proper to note that Europe’s STOXX 600 index has hit new all-time highs along with Australia’s ASX, India’s BSE Sensex, along with the Japanese NIKKEI 225, which finally managed to claw back to new all-time highs after peaking out nearly 35 years ago in 1989.   

(No change in commentary over these next few paragraphs from earlier this week )

Equity markets remain in a sweet-spot right now as February has come to a close having shown no real evidence of weakness that traditionally is possible in Februarys of Election years. 

Trends remain upward sloping on short and longer-term timeframes.  Momentum is positively sloped and while overbought o...

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