Best Discretionary stocks to favor technically for bounce into 2024

Technically the broad-based participation higher in multiple sectors in the last month is certainly a positive heading into 2024. While near-term risk/reward doesn’t seem favorable for those with timeframes less than two to three months, the recent overbought readings have not signaled any evidence of giving way. I’ll be watching for evidence of any hint of trend reversal in the days ahead. If this fails to materialize until January, then a larger than normal correction likely would occur i...

Technically the broad-based participation higher in multiple sectors in the last month is certainly a positive heading into 2024. While near-term risk/reward doesn’t seem favorable for those with timeframes less than two to three months, the recent overbought readings have not signaled any evidence of giving way. I’ll be watching for evidence of any hint of trend reversal in the days ahead. If this fails to materialize until January, then a larger than normal correction likely would occur i...

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