Be Cautious About .SPX

Markets overbought on indexes, -ve div on weekly and daily. Also losing momentum.

Caution warranted. May retrace to 4677 or at best stay flat. Question - which sectors will give up - Value & cyclicals which are overbought or some mega techs which have good setups.

Chose your plays wisely and not fall for value traps. Value stocks are value for a reason. $Microsoft(MSFT)$ $Tesla Motors(TSLA)$

How will S&P close at the end of 2023?

S&P 500 dived on Wednesday but then rebound on Thursday. Some believe the expected correction has finally arrived. Others say vacation starts tomorrow and all the traders liquidated their positions. ------------------------ How will S&P close at the end of 2023? A short-term correction or a santa rally?

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