The divergence in the market is becoming even more pronounced this morning, with the S&P 500 Index still above all major daily chart moving averages, namely the 20-day, while the Russell 2000 Index is close to testing its 200-day moving average.
I am not too interested in the long side until this spread clears up a bit.
Other than that, be careful with overbought names into earnings like SNDK. The strength in MSFT Is masking a ton of weakness overall, out there.
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