Transportation stocks and Homebuilders making progress

Near-term trend remains negative for SPX until 6770 can be exceeded, and despite the three-day bounce, more will be needed to help restore the technical health in US Equities after last week’s breakdown. This week’s bounce has proven encouraging so far with regard to breadth improvement. Yet some broad-based strength is thought to be necessary, given the bifurcation being seen in many parts of Technolo...

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