We appear to be on track to get a short-term oversold condition close to the holiday.
They are where the action is lately -- but check out what happens when we compare the moves in the Russell to breadth ...
These puts are a buy, in my view.
Let's look at what the Overbought/Oversold Oscillator tells us -- and how stocks that were hot in November are moving now.
The S&P 500 closed roughly where it opened -- and in between was a choppy day that favored gambling names.
Despite a holiday drop off looming, we still have movement in bitcoin-related names, the Robinhood folks keep going, and check out ContextLogic's offering.
Here's why that old trading axiom of switching sides of the boat before it tips still holds truth.
If we match breadth against the Russell 2000, which gained 1% on Thursday, then it was quite a laggard. Here's why I'll be watching the indicator closely now.
After 11 days of up for the QQQs, we saw some down. Let's check under the hood to see what happened, and what to expect next.
The bottom half of the sector performance tables Monday was littered with the debris of everything that works well if our economic recovery proceeds smoothly, which it no longer is.