I’ve been saying that I think it’s time for a bit of a market correction, but the long-term trend is still bullish.
So while we have seen some weakness, I don’t believe we’ll fall below the 50-day moving averages. It would be nice to come down a bit and give the market some breathing room after a major run higher, especially in tech stocks.
That would open up plenty of opportunities to trade to the short side — which can be a lot of fun!
The Dow, meanwhile, is still heading higher and small caps look strong, but they haven’t been able to take out previous resistance.
But when small caps do start to rally, they could lead the market higher.
Mainly what I’m seeing right now is an exodus from tech stocks into more blue-chip names.
I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
P.S. Will YOU Be My Next 5-Figure Success Story?
I aim to bring on at least 100 people to join me on a mission to accelerate my Weekly Cash Flow Challenge!
The mission is to make YOU my next in a long line of five-figure success stories. And we’ll do it by targeting extra cash flow from the market, each and every week.
I’ll be live at 1 p.m. ET today, Dec. 5, to cover all the details, so click on the link below and I’ll see you this afternoon!
