And it would be foolish to ignore it. So we're doing the opposite. We're leaning in and pressing our bets.
Look at the Small-cap Indexes both making new all-time highs. The S&P600 Small-cap Index and Russell2000 Small-cap Index are completing multi-year bases and just beginning their next leg higher:
Another major base being completed right now is in the Dow Jones Transportation Average.
We had seen the strength in Logistics stocks, Marine Shippers and even resiliency among Railroads and Truckers. It was really just the Airline stocks that needed to stop falling.
And that's precisely what happened.
Look at the new all-time highs in the Dow Transports:
Keep in mind that while we're continuing to see more and more of the most important indexes breaking out to new all-time highs, the usual suspects are also still doing their thing.
Look at the S&P500 and Nasdaq100 both hitting new all-time highs, again.
All of this strength in the S&P500 and Nasdaq100 is coming at a time where Technology stocks continue to underperform. Tech represents 1/3 and 1/2 of these entire indexes, respectively.
"Sector Rotation is the Lifeblood of a Bull Market"
That's how I learned it.
And you're literally seeing this happen right before your eyes.
The Hall of Famers are a great source for this rotation. These are the biggest companies in America sorted by relative strength.
Notice how there isn't a lot of Technology on this list. It's all the other stuff...
You see all those Financials that made the list?
Look at Moody's for example, completing this, all too familiar, multi-year base and breaking out to new all-time highs:
I am discussing what we're doing with all this breadth expansion shown in these charts above with Premium Members of ASC Research.
There are so many opportunities in the market right now, but where should we focus?
That's what we'll be talking about together for a full hour this Tuesday night @ 8PM ET during our LIVE Monthly Charts Strategy Session.
This is one of the key benefits of being a Premium Member of ASC Research.
Today is Black Friday, so you can get 40% off an annual membership right now to ASC Premium.
That's 40% off our twice-monthly conference calls, exclusive market scans & trade ideas, and the RANGEFINDER APP to track all our trades in real-time.
