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The video in this report is only accessible to members

Push back to new highs last week in SPX, QQQ keeps the near-term uptrend intact, while Equal-weighted S&P 500 and NASDAQ Composite also successfully achieved their own respective all-time high monthly closes to close out the month of February.   Trends have proven far choppier in US Dollar, along with US 10-Year Yields, while Cryptocurrencies have been scaling new heights daily.  Overall, I suspect that SPX is en route to ~5200 into mid-March and it’s necessary for SPX 5057 to be broken to have any concern about even a minor 2-3 day pullback.  Bottom line, despite overbought conditions, it’s right to stick with this current trend given little to no evidence of trend failure.

I chose to focus on $AAPL instead of the normal S&P 500 chart as there’s far more to discuss technically, and as shown below, AAPL’s underperformance has been ongoing since last Summer.

While this isn’t an intermediate-term concern, and there’s ample evidence that “Magnificent 7” stocks can certainly carry markets higher without the aid of AAPL, it’s recent lagging has been noteworthy and something to keep an eye on in the weeks to come.

Technically, I feel that recent weakness on Monday in AAPL,...

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