Since early November, stocks have basically marched higher with one “pause” in early December which in hindsight was a fantastic buying opportunity.
Currently, stocks have also “paused” after reaching new, all-time highs just under the Dow 20K level. I believe that this is setting up to be another buying opportunity as bullish conditions in the market persist. Stocks have simply worked off overbought conditions on a short-term timeframe, creating conditions supportive of a further advance.
