A Characteristic of Various Bulls

Some more mergers & acquisitions activity this morning seems to have offset overnight concerns in Asia and in the futures markets. Specifically, MRVL for CAVM in the chip space is the deal du jour, placing other semis back on our radar for Members. To be sure, with the holidays approaching one would expect a sense of urgency for deals to get done in the next few days and weeks before the year concludes.

Overall, this week is one where traders are understandably distracted or even away from their desk altogether, even with full sessions slated through Wednesday. We are looking to pick off any potential holiday week short squeeze plays, such as FIT, which may be ripe to sneak in a move when few are watching. 

In addition, ROKU continues to be of great interest to me with respect to the stock's prospects as a young growth leader on the come. 

As for chips and more M&A prospects, I am going to spend a portion of the session today reviewing those charts for some other year-end targets, since a slew of M&A is no doubt characteristic for all types of established bull markets.