Tech Hardware favored over Software; Meanwhile Pharma/Biotech slides further

Near-term and intermediate-term technical trends remain bullish for US Equities, and Wednesday’s bounce made sufficient progress to help establish a new short-term uptrend, which arguably should carry higher over the next 1-2 weeks to hit new all-time highs and might even exceed 6500. The outperformance of $AAPL has led to a much-needed consolidation range breakout above $216 as of Thursday’s close. This could help energize $S...

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