As we begin the final trading day of July, technology continues to be a mixed bag, generally under pressure. 

As we count down the final days of July, investors may be bracing for August and September — two months that are not historically friendly for the stock market. 

Recent market action has featured rigorous rotation amid heightened volatility. 

Technology failed to hold the line yesterday with semiconductors, and other subcategories of technology, breaking below their widely watched short-term moving average trend lines. 

Yesterday’s market action may have strengthened the short-term outlook for stocks; I say that because a number of technical factors played pretty significantly during the course of trading yesterday. 

Despite last' week events, the market had a pretty normal performance. 

Gene discusses the volatility in this bull market run. 

Yesterday’s market action was the latest showcasing of rotation, and it did intensify in yesterday’s trading, leaving behind the Nasdaq and the more aggressive growth areas of the market once again with the Dow really shining. 

Rotation was clearly evident in yesterday’s trading action, but it has been a regular occurrence in the stock market for many weeks. I think this has been…. 

Earlier this year, I mentioned that this bull could become a G.O.A.T. and I think that we’re on that path for this bull market run to be one of the best in modern history — maybe even the best ever.