These are the 10 largest stocks by market capitalization in the S&P 500, which will determine what happens to "stocks" over the balance of this all-important month...
World's largest stock by market cap:
Dec. 10th, 2016
Apple Is In A Strong Uptrend Ready to Breakout
Keep buying, you're not buried yet...
Second largest
Last year rolled over at the end of December. This year, end of October...Already finished wave 1 and wrapping up 2...
Third largest
Microshaft: Blow-off mode, like last year except even more extreme...
Fourth largest
The Warren Buffett hedge fund
It's a bank stock in drag, with top ten holdings Wells Fargo, Goldman Sachs, and U.S. Bancorp. As long as they don't roll over, this will all be fine...
Fifth
The Energy sector aka. "Exxon"
Amazon
Last year rolled over at the end of December. This year, end of September. Clinging to the 200 dma:
Already below the 200 dma:
JP Morgan
Very bullish
Johnson & Johnson
Last, but not least, top Berkshire Hathaway holding and second largest U.S. bank
Wells Fargo:
So, as I was saying, as long as U.S. interest rates don't roll over this week, like they did a year ago, this will all be fine...
Otherwise, we know what happens...
The harder they fall:
