Is the rally taking a breather – or is momentum just shifting toward smaller stocks?
We’ll have to see how this plays out in December.
In the meantime, The Daily Direction table remains a sea of green.
The Daily Direction
Note: All indexes closed lower yesterday – except the Russell 2000 index, which added to its big upward move last Friday. Is momentum shifting toward smaller stocks?
The Daily Nugget
Market momentum often rotates between sectors – you have to learn to spot and follow it.
In 2022, energy stocks had the momentum.
For most of 2023, it was large-cap stocks – especially tech stocks with exposure to AI.
Now, the momentum appears to be shifting to small-cap stocks.
As an intelligent trader, you must learn to spot and follow this momentum – ideally before it causes the price of these stocks to rise too high.
Of course, this is easier said than done…
Which is why every week, Ross Givens goes live to show his War Room members how to hunt for these momentum opportunities in REAL TIME.
It costs just a few bucks to join…
But the “leveling up” you’ll get from watching over the shoulder as Ross breaks down the market in real time is worth far, far more.
So, if you’re interested in leveling up and going after these momentum opportunities…
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The Traders Agency Team
Even Bill Gates himself has said that generative AI has “peaked” and that the next version of ChatGPT won’t be much better than the current version.
So where will the next wave of AI innovation – and profits – come from?