Interesting hows headlines characterize the rally as 'struggling' despite the fact that an early November close above the October high in supports continuation of upside alignment and the rally. While seasonal trends (or seasonality) often defers to the direction of alignment, they're considered supportive during times of agreement. November is generally a strong month for stocks. It's also a positive month for large cap stocks within the the first year of the four year cycle. US stocks should not be characterized as struggling or requiring bearish actions until it generates at least one bearish trigger.
Headline: U.S. stocks to struggle to hang onto record levels
U.S. stocks looked challenged to extend record highs Monday, with investors primed for merger news in the chip sector, watching earnings and anxious for fresh headlines on the Republican tax plan.
Investors may be nervous this week as U.S. President Donald Trump’s Asian tour kicks off, with much attention focused on what he might say over North Korea.