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Message: Correction may be over

New closing highs for the TSX, Venture, energy (XLE), SOX, Russell 2000. These typically lead the market. Normally, the financials are also leaders, but since they were ground zero during the crash, they are unlikely to lead at any time during the current bull market, so I don't worry about them too much.

Market internals were very good today. Market moved from short-term oversold to overbought in a single day. A good start to December. Hopefully, it's off to the races!


Dec 03, 2010 09:40AM

Dec 03, 2010 10:02AM
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