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Daily Observations 09 December

Market performance. Sectors performance. SPY snapshot.
Daily Observations 09 December
Photo by Kelly Sikkema / Unsplash
  • After three days of partying, someone--or something--pulled the plug off.
  • We observed all major indices are below zero except for the Dow Jones Industrial which was green for some part of the day and flatline at the checkered flag.
  • The Russell 2000 was caught without a chair after the music stopped in today's session down 2% and some change.
  • VIX rebounds  8.44% to north of 20 at 21.58.
  • Crude oil /CL down 2.47% at 70.58.
  • TNX down 1.46% at 14.87.
  • TYX down 0.48% at 18.66.

Market Performance

Major Indices

Sector Performance

  • Green light red light for the SPDR sectors day. Only two managed to pass the line green.
  • Best sector: Consumer Staples up 0.27% at 72.96.
  • Worst sector: Consumer Discretionary hint hint TSLA down 1.73% at 203.57.

SPY Snapshot

SPY Daily Chart
  • SPY retreats after seeing the immediate resistance of 470.65 (55-day high).
  • Relative strength index continues to bend south.
  • Volume is down again for the fourth consecutive day.

Market Climate

Tapping fingers

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.