Global stocks have declined in December just 5 times since 1988!

Just saying. In case you are bearish for December…careful. Of course,anything is possible.

It took 6 1/2 hours to be down what we were down yesterday. It took the first minute of futures opening yesterday to get it all back. Short anyone?

Futures up nicely this morning as we head into December. No changes from yesterday. Bearish areas were roughed up (retail,biotech…) while strongest areas pulled back. That will reverse itself on the open. (dont look for reasons)

The one area that is popping up on our screens is the OILS. Nothing to do just yet but noticing the stocks outperforming the commodity as bases form at the lows as well as some mid-level areas. This group is underowned and underloved. Again, nothing to do but on our screens for now.