It’s not to early too think of end of the year window dressing by portfolio managers–it’s likely to decide which stocks move higher or lower over next month or two

In a momentum market, which is what we have, you put money into the stocks that are riding the momentum upward.  An equally weighted index of Alphabet, Amazon, Apple, Facebook and Microsoft is up 42% in 2017. That holds true on the downside too. This market has taking the losers and crushing them some more. Bed Bath and Beyond is down 53% for the year.

Friday Night Video #9: Your Qs and my As

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A constructive day–more testing to come, though

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Momentum sell off resumes

Even good news on initial claims for unemployment has not been able to turn a two-day rally in U.S. stocks into a three-day rally. With technology and momentum stocks leading the way lower—again—the NASDAQ Composite index is down 2.47% as of 2:15 p.m. in New York.

Last week’s momentum rout doesn’t seem over, downtrend spreads to consumer discretionary and financial sectors

For a while this morning, it looked like the momentum sell off from the end of last week might be over. Such momentum leaders as Netflix (NFLX), Tesla (TSLA), and Yelp (YELP) were all in the green shortly after trading began at 9:30 a.m. New York time. But my mid-afternoon—2:15 p.m. to be exact—most of this group had returned to the red