Despite DJIA, $RSP back at new highs, Technology needs help

Trends were partially recouped given Friday’s early bounce, but it’s still thought to be necessary for Technology to strengthen enough to eliminate the divergences seen in $SPX and $QQQ vs. DJIA, and Equal-weighted SPX.   While the recent cross-asset volatility has seemed quite disconcerting of late, I don’t view the market to have made a major peak at this time.  Until/unless broad-based weakness starts to...

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