The nature of the market remains the same, the NASDAQ is up and the Dow is lower, making individual stocks and sectors the top criteria. Oil stocks after opening lower are starting to shows strength. Biotech’s that are being benefited by the virus continue to act well. The trading strategy remains the same, stay long in the strong sectors and have some short positions in the portfolio. This may not be a Santa Claus rally but it might be a Santa Claus up drift.
December 7th Daily Market Comments
The nature of the market remains the same, the NASDAQ is up and the Dow is lower, making individual stocks and sectors the top criteria. Oil stocks after opening lower are starting to shows strength. Biotech’s that are being benefited by the virus continue to act well. The trading strategy remains the same, stay long in the strong sectors and have some short positions in the portfolio. This may not be a Santa Claus rally but it might be a Santa Claus up drift.