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Strategies & Market Trends : News Links and Chart Links
SPXL 219.24+2.0%Nov 26 4:00 PM EST

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From: Les H5/7/2023 4:58:47 PM
   of 29600
 
The range of resistance between 4100 and 4200 remains daunting overhead as momentum around this barrier continues to fade. The large-cap benchmark remains on a MACD sell signal that was triggered on the 25th of April and the benchmark has essentially just drifted sideways over the past couple of weeks now that the vast majority of companies have reported earnings. Friday marked the average peak to the best six month of the year trend for stocks that started in October and, sure enough, the result was strong with the S&P 500 Index higher by 15.4% since the middle of October; performance over the next six months, while typically not negative, tends to pale in comparison to the six month period that preceded it. Reducing risk in portfolios during the spring when equity market volatility is low and increasing risk when summer volatility peaks has traditionally delivered alpha to portfolios and it appears reasonable to expect a similar outcome this year as well.

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