So far today, it has been quite the downer for the market and over the past seven trading sessions, neither the bulls nor the bears seem to be able to find any footing whatsoever. With tomorrow ushering in the final trading month of the year, the bulls have their best chance to push this market into new all-time highs before 2015 concludes. At this point, I’d say there is a very good chance of that being realized still as the bulls should have the wind to their backs going forward. Of course, 2016 is a whole other issue and we’ll tackle that when the time comes.
For now, I remain impatiently bullish towards this market. The consolidation has been nice for the markets to cool down some, but now, that it has had that chance to do so, I’d like to see the bulls push out of this consolidation instead of lose its early morning gains each day and spend the rest of the day trading sideways.
Below are the stocks I like the most for this week of trading. There are some very solid trade setups worth following and taking advantage of when the market conditions warrant such a move. So do your homework and be ready for when the time comes that the market wants to resume its move higher.
Here’s my bullish trade setups:
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