Further Equity rally likely despite a lack of broad-based strength

The rally which started Monday likely should carry SPX back to 5400.  A five-wave advance higher represented the first real positive structural effort off the lows, and both US Dollar and Treasury yields look close to turning back lower.  GOOGL, NVDA and MSFT’s gains look impressive technically and can lead this rally despite some strength lacking out of Financials and Industrials this week.  Overall, I expect that gain...

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