My Practices Are Not Designed for Your Enjoyment

Without question, today's trading session has been a fairly slow one, excluding some very narrow pockets of momentum. 

From my perspective, I am more intrigued by the prospect for fresh long entries on some of the more viable swing opportunities since the election, namely the materials miners, financials, and transports.

The copper miner Freeport-McMoran is a pretty good example of how this type of relatively slow market action can go a long way to alleviating short-term overbought conditions and possibly setting up a lower risk new long entry.  

On the updated daily chart, below, FCX is thus far sporting a high and tight "bull flag" consolidation after it high buy volume advance. 

Considering the attention a stronger Dollar has been garnering, it is impressive to see quite a few materials miners reman essentially unperturbed by the greenback strength and not give back even a modicum of their respective rallies since October. 

So while today's trading session was likely not designed for our enjoyment, we ought to be watching whether some of the hotter sectors can continue to set back up for new entries. 

More in my recap after the bell.