What we have to watch for now are failed bounce attempts.
All things being equal, don't be surprised when you hear analysts and forecasters raising their GDP and earnings estimates for early 2020.
The VIX is still at levels preceding recent important market corrections.
I do expect there to be some early to mid-December profit taking. But to get from here to year end without hitting some mid-month turbulence would be a pleasant surprise.
The stocks that have performed worst this year will have additional selling pressure in December, but that should set up an interesting 'January effect.'
UnitedHealth Group and JPMorgan are both bucking other trends to rise as more moderate leanings start to dominate the Democratic horse race.
Trying to anticipate when the indices may finally rest has been an impossible task, but the odds of some softer action have been increasing.
One ETF to avoid, and one to buy, if you are looking for Black Friday/Cyber Monday exposure.
We are playing defense as we see some downward pressure on oil and healthcare weakness.
The half-day trading session following Thanksgiving is typically thin and positive but there is some anticipation of problems that is causing early pressure.