Plus, how bullish are market internals right now?
Is the market stable or poised to turn fast? … How bullish are market internals right now? … The two sectors we need to keep a very close eye on this week. … Will the NASDAQ 100 make new highs? Click now to start watching! | |
The pivot number to start the week is 4717 on the ES (S&P 500 futures). Remember today is observation day. We have a big week planned with "Trade Week." Learn more about what this is by listening to last Wednesday night's market update here. As we go into the end of the year, whatever trend develops today with stocks going higher and stocks going lower will be the expected pattern for the week. Remember the all-time high for the S&P is the 4740 area and I would think support comes in somewhere around 4675. ~ TBUZ | |
Semiconductor company AMD looks to retest 52-week high at a first target of $164. Watch for AMD to break above $146.51 and place a $132.64 stop. Lots of liquid options available for additional plays. | |
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