High-Momentum Stocks for Slow-Momentum Season
Christmas is upon us and traders are anxiously awaiting Santa’s arrival for some much-needed holiday cheer. Unfortunately the charts don’t really hint at any major Christmas rally; in fact with the sluggish action we saw in options expiration last week traders may be on guard for further price declines. I’m watching the 50-day moving averages as my cue to move in or stay sidelines. You can pull up the SPY QQQQ or a multitude of other indexes in order to vividly see the battle that’s taking place here. While bull markets often use this line for support bear markets ...
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