1. Markets are stalling out a little today, but surged higher yesterday. This is common to see some backing and filling after a large point advance. Financial and energy are acting well.
Russel 2000's leadership is very important. When people invest in small caps they're looking for growth unlike the big board. Financial and energy are rallying and becoming leaders. It's surprising to see energy working so well that in light of the election uncertainty.
When things open up you won't be able to get into the popular places. The remaining places will be ultra-profitable. Government closed down small business and allowed big box retail and big tech flourish.
2. November ADP Employment Change +307KSmall businesses: 110,000Medium businesses: 139,000Large businesses: 58,000Goods-producing: 31,000Service-providing: 276,000Friday's number will be interesting to see. Will there be a Christmas hiring binge. Brick and mortar retail could be down by nearly half. The Pandemic rules. Retail stocks have been doing much better. Macy's is back over $10.
3. Gold/silver had a monster rally yesterday. Gold is up again today. Silver is digesting yesterday's monster jump. Gold is holding up well. One more stumble and then we're off to the races.
Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He successfully managed money for a large, affluent private client group. Nick is an expert in Technical Analysis. He is a highly regarded and accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. After applying his knowledge to his client base and meeting his personal monetary goals, he decided it was time to begin teaching those interested in learning his trading and investing methodology. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.com and realize his dream of educating others about the truth of the markets. He now co-heads the education department at InTheMoneyStocks and enlightens thousands of members, along with providing consulting services to hedge funds and institutions.