Sunday Preview

It back to work tomorrow as we close in on year end. I guess we have about 20 trading days left to the year.  Three groups that I would recommend you avoid at ALL costs would be energy, gold and solar.

Institutions will be getting these sectors off their books between now and year end, so don’t try and catch a knife.  There are much better low risk setups out there.

Airlines should continue to benefit from lower oil prices and so should trucking, but not certain railroads that transport oil. Not all transportation stocks are created equal.  Oil is now in a bear market and looks lower to me.

I don’t have any new setups tonight, but I will alert you as soon a I do. I hope all all had a great weekend and I’ll see you in he trading room in the morning.

Please note that the new December P&L is in effect.

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