Raging Rotation and A Key Reversal

Geoff Bysshe | August 9, 2020

Friday’s price action capped off a string of days that told a story of broadening market strength and expectations of improving economic conditions. On a daily basis, the story sounds like this… On Thursday, TLT quickly retreated after breaching its April swing highs and continued its weakness into Friday, closing below its 10-DMA by the most significant margin in a month. While the QQQ sold off on Friday, the small-caps, Grandpa Russell (IMW) accelerated higher

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