Can Powell Help The Market Breakout of its 3-month Sideways Range?

• The stock market has been stuck in a sideways range for almost three months now. Also, despite the narrative on Wall Street, the market is not broadening out to the degree that some people are trying to portray. So, until we breakout of this range, investors will want to remain nimble going forward.

• Two key stocks…from two key sectors…are getting quite overbought on a near-term basis. Thus, investors might want to consider looking for pullbacks to add to their positions in these names.