PRE MARKET

Wish we had more to say but not a lot of movement this morning…and frankly, we are good with that. There is nothing bad about a quiet, calm pullback of indices. After the move off of the election, one is due…but so far, major indices not giving much back. Small caps are definitely under-performing tbhis second as the Russell is on the 50 day but not that concerned just yet.

Would continue to pay attention to the housing stocks as the best and longest chart patterns can be found there. Also, biotechs in nice pullback mode here and should be watched.