SPY: Do the old chart techniques have any validity in an algo HAL 9000 world? This is interesting given H&S tops, death crosses and broken support lines. Perhaps modern algos don't give a rip about these things what with yields low and expensive computers and PhD operators these indicators may be just passé. After all, there's high overhead to deal with so who cares about economic data?

 

MDY & IWM: Hit harder earlier and not as robust to the upside in this rally since these sectors are more sensitive to economic data than with how State Street is doing.

 

 

QQQQ: At the end of things all that's left in the U.S. is tech so we'd better keep a good goalie on the ice at all times.

Continue to U.S. Market Sectors, Selected Stocks & Bonds

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