For the past two weeks most of the indexes and major ETFs, and many stocks, have been trading in tight consolidation ranges. At a time of the year when
institutions fine-tune their portfolios and year-end rallies are typical, there normally would be surprising – sedate, noncommittal movement. The uncertainty of a fiscal cliff resolution is likely to blame.
But something changed yesterday. The market got tired of waiting. Though minor they may be, breakouts were common.
The Russell 2000,
A nonparticipant? One sector that has been gaining strength – retail:
This may be good old-fashioned sector rotation by an impatient market.
Of course, there’s much more you need to know and many more stocks you can capitalize upon each and every day. To find out more, click here: www.markettamer.com/seasonal-forecaster
By Gregg Harris, MarketTamer Chief Technical Strategist
Copyright (C) 2013 Stock & Options Training LLC
Unless indicated otherwise, at the time of this writing, the author has no positions in any of the above-mentioned securities.
Gregg Harris is the Chief Technical Strategist at MarketTamer.com with extensive experience in the financial sector.
Gregg started out as an Engineer and brings a rigorous thinking to his financial research. Gregg’s passion for finance resulted in the creation of a real-time quote system and his work has been featured nationally in publications, such as the Investment Guide magazine.
As an avid researcher, Gregg concentrates on leveraging what institutional and big money players are doing to move the market and create seasonal trend patterns. Using custom research tools, Gregg identifies stocks that are optimal for stock and options traders to exploit these trends and find the tailwinds that can propel stocks to levels that are hidden to the average trader.
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