Technical Tuesday - May 26, 2020 - Equities

publication date: May 26, 2020

We are not chasers of momentum and continue to see indices in areas we don't want to chase. Two important observations from today's action is that the Nasdaq Composite has achieved its MFU-4 target at 9345 which we have been highlighting for some time, and we see a shift starting in Momentum (MTUM) vs. Value (SPLV.)

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