The stock market frequently moves differently than the economic outlook and the move (or lack thereof) in earnings. Therefore, the technical picture in the market right now is key…and we stand at an important juncture on the S&P 500, the NDX 100, and the tech group. The next two weeks should be crucial.
A lot of people are focused on the small-cap Russell 2000 index. Since the regional banks are heavily weighted in this index, we’ll be watching the action in this group very closely over the next two weeks as well.
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