Daily Observations 06 December

Market Performance

• All major indices finished green.  RUT leading with over 2% gains.
• NDX took a bit of time to catch up with the gang and eventually finished green.
• Microsoft was down for no macro rationale at all and like NDX, eventually changed its mind and finished green as well.
• I encourage you to read our first edition of our weekly technical analysis if you haven't already.

Sector Performance

• All 11 sectors finished green.
• Best sector - Industrials (XLI) at 1.69%.
• Laggard sector - Healthcare (XLV) at 0.57%.
• VIX is down 11.18%.
• TNX  up 6.98%.
• TYX up 4.71%.
• Crude oil end up almost 6%.

SPY Snapshot

• If you've read our weekly technical analysis this weekend, our thesis of a bull market this week is validated with today's market performance.
• All major indices finished above zero today.  
• Relative strength index finished above my price marker at 47.29.
• Do we see continuation tomorrow? Stay tuned.
• Subscribe if you haven't already.

Trading Climate

Disclaimer: I am not a professional investment adviser and my opinions are based on my own technical analysis.  Please consult an investment professional before making investment decisions.