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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (38820)10/19/2023 11:19:13 AM
From: Les H  Read Replies (1) | Respond to of 49422
 
FANGMAN stocks are up 1% today, which is keeping losses limited for now. I think we're heading for end of October and early December tax loss selling because there are so many 52-week lows in the $SPX and the overall market. The inflows of cash from the tax-loss selling and the share buybacks concentrated in the largest companies during November is probably going to continue to boost the FANGMAN stocks. The stock group keeps hitting new RS highs vs the $SPX on each market rally.