For Week 4 I am expecting positive movement in the S&P 500, with not all sectors participating. I expect tech to have a dead cat bounce, maybe early in the week, especially when viewed on the equal weight QQQ. I believe it will be a bull trap before moving lower.
The most bullish market, and that is used loosely, is the IWM. It looks like it could be forming a bottom, but it might need all winter to firm up. Time will tell
Finally, Oil appears to be ready to break out to new highs again. I'm not saying it will be this week, but I wouldn't expect it to break too low this week. Maybe energy will rest for the week, but it might be a place to load up.
S&P Equal Weight
QQQ
QQQ Equal Weight
Small Caps
Oil
The most bullish market, and that is used loosely, is the IWM. It looks like it could be forming a bottom, but it might need all winter to firm up. Time will tell
Finally, Oil appears to be ready to break out to new highs again. I'm not saying it will be this week, but I wouldn't expect it to break too low this week. Maybe energy will rest for the week, but it might be a place to load up.
S&P Equal Weight