Monday, December 05, 2016

  Overall Market Conditions:  Extremely Choppy Behavior - Extreme Caution is Warranted

A nice snapback day for many leading and once leading stocks with Financials, Energy, and some Tech doing well. The S&P-500 jumped back up near recent highs and could move into new highs from here.

TBA = Technical Buy Area

Energy stocks are holding well but remain slippery for Momentum traders. Let’s see a few now.

Now a few banks/brokers.

Tech stocks are still suffering and will need time before they come back in favor.

Now a few mining and metal stocks.

Now a few big cap stocks we’ve been tracking.

I hope to see you in the chat room Tuesday and Wednesday and then back here Wednesday night.

Daniel J. Zanger