The market continues to spread holiday cheers to the longs as the DJIA and the SPX closed with another record high. The market breadth is getting weaker, but it remains to be a stock picker's market. There are still many good long and short setups for the active traders. During the holiday season, trading activities will get lighter. Therefore, do not over extend yourself on either side, long or short. Money is shifting toward the big cap value stocks once again, continue to exercise caution and trade defensively.
In this video, we will take a look at the indices and the following stocks: AAPL, BABA, FB, TWTR, TSLA, AMZN, GOOGL, NFLX, GS, MS, JPM, BAC & C.
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Note: I have miss quoted some prices in the video, look at the listed price levels on the chart for the correct prices.
