2024 has been a year of first time evers on Wall Street, first time ever that the NASDAQ crossed above 20,000, first time ever that the Dow Jones Industrial Average hit the 45,000 level, and the first time ever that the S & P 500 has crossed significantly above the 6,000 level.

The Trump Bump continues on Wall Street with the major market indexes driving further into uncharted territory. 

The Magnificent Seven theme is making a technical comeback on Wall Street but not at the expense of other sectors and themes. A number of the growth stocks representing technology, industrial and consumer discretionary are also posting very nice relative strength trends as well. 

Gene has some updated parameters for the major indexes that continue to present an attractive risk/reward ratio. 

Technology is coming back after consolidating over the last several weeks and more.  The FANG stocks and magnificent 7 are showing improving technical form. 

The final month of trading in 2024 is here. Gene observes and comments on the price architecture of many of the leading stocks in numerous leadership categories: technology, industrials and metals/materials

From peak to valley, the Dow Jones Industrial average fell a little bit more than 3% earlier this month. 

Earlier this month I had predicted that the market would be a bit more reactive to day-to-day events, to news events and so on and that has generally proven to be the case.

Portfolio shuffling continues at a pretty swift pace in anticipation of the policies that are expected to be enacted by the Trump administration when President Trump takes office on January 20th. 

It is not unusual to see the BMF momentum leaders garnering all the attention and certainly being the market focus but there are times..