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..

Technical indications continue to argue for further volatility over the short run possibly leading into Thanksgiving and beyond. 

In recent sessions, a number of the high profile growth stocks failing to make higher highs, this could act as a triggering mechanism for some selling over the near term. 

The Dow Jones Industrial average and the S&P 500, pulling back from their recently conquered millennium levels; 44,000 and 6,000. 

Since election day, the trends that had been in place in the stock market have been generally enhanced not altered meaningfully. Two examples of that are the Financials and Aerospace and Defense. 

Month's ago Gene predicted that this "Bull market" would become a G.O.A.T. Spoiler alert....