Megacaps Take A Break, Time For Rotation? Uber, Booz Allen, TopBuild In Focus

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Recorded04 Dec 2023

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The Nasdaq finished off its lows as 14,000 remains a level to watch as well as the 21-day line. But small caps were unfazed by the Nasdaq’s woes. A number of stocks still had good days including Uber which is getting added to the S&P 500. But don’t go chasing extended stocks in an extended market. Booz Allen Hamilton broke out of a fresh cup-with-handle and defense and intelligence are areas of interest right now. Finally, construction and real estate continued to show power with TopBuild extending its gains above a breakout around 300. Learn more about your ad choices. Visit megaphone.fm/adchoices

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