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Daily Observations 07 December

Market Performance. Sector Performance. SPY Snapshot.
Daily Observations 07 December
Photo by Kyle Glenn / Unsplash
  • Will there be a hat trick at end of session tomorrow? Stay tuned.
  • Will Leonardo continue to clap tomorrow? (see below)
  • Our weekly TA is again validated today.

Market Performance

Major Indices
  • Day two of green jackets today.  Christmas Rally!
  • We saw continuation today across the board.
  • VIX is down at 19.43%.
  • TNX is up at 3.21%.
  • TYX is up at 2.22%.
  • Crude oil is up at 3.09%.

Sector Performance

  • All 11 sectors are green today.
  • Best sector: Technology XLK at 3.63%.
  • Laggard sector:  Consumer Stapes XLP at 0.22%.

SPY Snapshot

SPY Daily Chart
  • SPY continuation today up to the last minutes of the session.
  • Relative strength index has good momentum.

Trading Climate

Great job everyone

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.