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Mega-caps masking breadth concerns for Tech


Several breadth measures have deteriorated for Technology even as the sector has set new highs. Continued strength from the sector's mega-caps could allow time for more stocks to reestablish uptrends and resolve breadth divergences bullishly. Sector earnings revisions have been rising, but valuations adjusted for expected growth still look expensive.

Ned Davis Research | Equities | U.S. Sector & Industry Focus | Weekly

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