Were under heavy resistance in the general market now so caution is certainly needed.
To me this was always wall st accumulation shakeout as they rotate the big boyz to beat up sectors, finalize many mergers & prepare to rotate in some sectors. It was a very dirty extended shake that they ran right thru Xmas to create maximum fear. There are many good setups in beat down equities on the big board. Many beat-up sectors being accumulated heavily. Many held up well thru the major December tree shake.
Upcoming earnings could continue to see solid results across the board, many mergers from the old guard to the beat up sectors should be finalized, the "Trump" cards are the China deal & relaxing interest rates. That will likely make or break the market for 2019 as the market certainly needs a excitable catalyst to get back above resistance or it will fail below.
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