With small caps, financials, and cyclicals leading the way higher, it appears that standard holiday trading is underway. I am a bit surprised by the strength in the homebuilders, but still have not seen enough to make me think they are going to outperform again in the coming weeks and months. Overall, I am focused on individual performance in some of the smaller cap, higher beta areas of the market where shorts are likely easing off the accelerator into year-end.
3-D printers like DDD and SSYS continue to show pockets of momentum, as do some financials like COF FNP STI.
I will be back with more analysis in a bit. I’ll be getting my portfolio in order inside 12631 for now.