The bearish fears surrounding the SPY as it tests its 50-day moving average are well grounded if you look beneath the surface of the major indexes. For example, the MAG 7 darlings of the recent past are now being referred to by many on Wall Street as the "Lag 7." Additionally, the SMH sector that replaced the MAG 7 as the market’s favorite bull market engine is showing ominous signs of weakness. Last week’s Market
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