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Daily Observations 06 December

Market Performance. SPDR Performance. SPY snapshot.
Daily Observations 06 December
Photo by Kyle Glenn / Unsplash

Market Performance

Major Indices 
  • 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

SPY Daily Chart
  • 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

How investors feel today

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.