Technical Analysis
There appears to be a market with selling in stocks and buying in bonds, but high-tech remains solid as ever.
Apart from high-tech, it’s a mixed bag, and with the employment report still ahead this week, it seems investors are scanning stocks while unwinding positions.
The ongoing pattern of the Nasdaq being strong and the Dow weak is expected to continue for a while, but considering the end-of-month selling discussed in yesterday’s article and the mindset of reinvesting at the start of the month, proceeding cautiously seems prudent.
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