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

Wednesday’s rally has now taken $SPX to just under early June peaks. Following a minor two-day stalling out in prices, the push back above 4140 has little real resistance until 4177-85, but can’t rule out a minor overthrow to 4200-4225 into Friday.  SPX and other US Stock indices are now close to important resistance, and Wednesday’s bond reversal should be watched carefully given recent positive correlation with Equities.  From a non-technical standpoint, it’s thought that any NFP number this Friday that matches estimates or exceeds should help this bond selloff (Yield rally) continue, and this might have a bearish effect on US Equities. At present, into Wednesday’s close, we still haven’t seen much evidence of negative breadth on this rally, nor evidence of any price reversal.  For now, one should keep longs on a tight leash, but prices still look positive likely into end of week.  Expect move to 4177-4225 into Friday, which then should reverse.

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Cybersecurity stocks take on new life with Wednesday’s breakout   

Don’t look now, but many cybersecurity names are moving to the highest levels in months.   Wednesday’s rally back above $27 in $BUG, the Global ...

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