Table of Contents:
1) The most important group (the chip stocks) had a great week, but they still need more upside follow-through.
2) The Mag 7 stocks…even the best ones…are struggling right now. This needs to change for the bulls.
3) If the software stocks see any more weakness it’s going to be very, very bearish for the group.
4) Updating the charts on the major indices. The battle lines are clearly drawn.
5) The bank stocks are testing KEY resistance levels…even though the yield curve remains quite flat.
6) The yield on the 10yr Treasury note stands at a key level…with Chairman Warsh taking over.
7) The precious metals are actually seeing some positive developments.
8) Can the industrials and material stocks breakout? The “rotation” trade may depend on it!
9) Potpourri…..More stress in the credit markets.
10) Summary of our current stance.
