Defensive positioning continues to increase while Financials fall further

Trends for Equities remain upward sloping based on Equal-weighted SPX, though they are still quite choppy in the short run when eyeing both SPX and QQQ. While the Advance/Decline line recently pushed back to new highs for NYSE securities, it’s still troubling that recent lackluster volume and short-squeeze activity has been ongoing as major US indices churn near all-time high territory.  The recent Softw...

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