NOTE: chessNwine’s Weekly Strategy Session has been published and sent out to members this week. I am confident that you will find this week’s version to be of tremendous value in your weekly preparations for the market. It is never too late to sign up at a very reasonable price, so please click here for more details about subscribing or even making a one-time purchase (the subscription plans offer much better value over time). As a reminder, members of 12631 receive the Weekly Strategy Session at no additional cost, as it is included in their membership.
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With the holidays rapidly approaching, the market could easily settle into a range where some longs and shorts will work equally well. I detailed the various areas of the market where I am seeing strength in this week’s Strategy Session, and how to play it. However, keep an eye out for homebuilders to lag. The weekly chart of the ETF below indicates the MACD is rolling over. Note the previous instances when this has happened.
yet another classic picture