While the market is overbought and likely overdue for a pullback, the recent strength in the small cap Russell 2000 Index is bullish.
Stocks managed another week in the green last week and enter December red-hot – 7 consecutive weeks of gains for the S&P 500 Index.
In today’s video, we discuss current trends and themes, stocks and sectors that are working, our current technical analysis of the stock market indices, and more. Here’s a recap:
– Seasonal Patterns Support Strength in the Back-Half of December
– Small Cap Breakout Sends a Bullish Breadth Signal
– 10-Year Yield Holds the Rising 50-day Moving Average
– Crude Oil Weakness Won’t Help the Lagging Energy Sector
Stock Market Today Video – December 2, 2019
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
Editor’s note December 2nd 11:06am CST: video component added.
