Setting the Background for Winter
I suspect it will take at least several more sessions if not a week or two before we see all of the larger market players and fund managers back at their desks. Still, the potential rotations for the new year remain promising.
As an example, the ag stocks popped during the holidays but immediately gave back those gains. Instead of following-through lower, however, the likes of AGU CF MOS POT regained their footing rather quickly.
And, today, they are virtually shooting higher together. Agrium, below on the daily chart, also indicates an uptick in buy volume to accompany today's rally. There is a bit more price confirmation needed to cement a new breakout higher.
But the ags are just one segment of the market threatening an early-2017 move. I will update the others for Members in my full recap tonight.