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5 Key Trends to watch heading into the 2 Summits

5 Distinct trends heading into these 2 Summits..   1) Dollar has been weakening over last week, giving rise to bounce in Metals/Chemicals/Ag stocks  - Materials is a Technical overweight-   2) Technology showing increasing signs of stalling out-  SMH is a short into end of June-   STX, LRCX also ones to consider shorting-  Semis should UNDERPERFORM Hardware  3) Yield bounce in the past week has given rise to Financials snapping back- Fins up 1.7% for the week, outperforming and could still into next weeks FOMC  4) Breadth has rebounded.   68% of stocks above their 50-day, up from the mid-50s 2 months ago.. Advance/Decline at new highs.. And XLB, XLV have both broken out this week..  Materials, healthcare..  5) DJIA has rebounded this past week and showing much better strength-  Remember this was a distinct laggard as NASDAQ moved to new highs and SPX, DJIA lagged.  Now DJIA has rebounded, thanks to snapbacks in MCD, HD, DWDP, DIS, PG, BA, all up more than 3% this past week-

 Materials has made excellent headway this week, and is a TECHNICAL OVERWEIGHT

Materials has made excellent headway this week, and is a TECHNICAL OVERWEIGHT