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We believe we have started a brand new intermediate cycle in the S&P 500. Price in the initial part of this week rallied above the highs of last week, which means we have a weekly swing low now in place. Obviously, a weekly swing is a requisite for a brand new intermediate cycle. We project now rising prices in equities over the next few months until at least we print an intermediate top.
We have been long Stericycle, Inc. (SRCL) for quite some time now and remain sitting on a paper loss. We