Argus

Argus

May 14, 2024

Technical Assessment: Bullish in the Intermediate-Term

Intermediate Term

Long Term

Summary

The stock market often starts a new year in the same way it finished the prior year, as strength begets strength. That was certainly the case this year, as mega-tech AI stocks shot to the moon during January/February and into early March. However, the pages turned in early March as big tech either paused or was smacked a bit, while other areas of the market began to flouris

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