For those looking at the market day by day, or even hour by hour, this could be a frustrating period ahead; we’ve seen a taste of it in the last several sessions. 

As we move into the final weeks of trading for 2023, the Nasdaq continues to have a commanding lead over the other major indexes....

We could be seeing Investors turn their attention from stocks to stockings during the holiday season, thereby causing a low in the market. 

The major stock indexes are now within striking  distance of their respective July peaks.

With the proliferation of cup-and-handle formations across several sectors and themes, it’s difficult to make a bearish case for the stock market. 

From time to time, I have referred to the AAII Sentiment Survey reflecting on the bearish/bullish sentiment readings. Back on November 1, the bearish sentiment had risen to… 

Financials showing better relative strength behavior, their patterns have been improving pretty steadily here and while they’re not forefront leaders, they are participating more significantly in the market recovery. 

From time to time, I have mentioned the importance of small- and mid-cap stocks as cornerstones of a significant and sustainable market advance.