Broadening Accelerates as Health Care Services and Aerospace & Defense Break Out

Near-term US Equity trends remain bullish, and while Technology and Health Care led Thursday's session as defensive groups and Financials lagged, there has been no evidence of the counter-trend exhaustion signals that would warn of an imminent drawdown. Short-term cycles look to have inverted, as discussed earlier this week, and investor sentiment still has not reached the exuberant levels that typically accompany i...

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