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...
Last year rolled over at the end of December. This year, end of October...Already finished wave 1 and wrapping up 2...
Microshaft: Blow-off mode, like last year except even more extreme...
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...
The Energy sector aka. "Exxon"
Last year rolled over at the end of December. This year, end of September. Clinging to the 200 dma:
Already below the 200 dma:
Johnson & Johnson
Last, but not least, top Berkshire Hathaway holding and second largest U.S. bank
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...