The bulls reminded all last week of the fact they have the upper hand (hoof?) in this market by producing new multi-year highs and finishing off the week in a strong fashion.
At some point, we’ll see this market correct, but right now that’s apparently far from the minds of traders as they see the push into the end of the year. What’s perhaps aiding the cause of the bulls is simply the fact that we’ve seen some nice rotation between large-caps and small-caps as turns are taken for the leadership role from week to week.
As we head into a brand new week of trading, let’s examine some important levels to keep an eye on in the days ahead. That will have the greatest influence on how individual stocks are going to move, so it’s where the trading week begins.
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