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Daily Observations 16 December

Welcome to Bearish Town. Just like that we are back to red light green ligh.
Daily Observations 16 December
Photo by mana5280 / Unsplash

Just like that, we are back to red light green light game.  The Technology and Consumer Discretionary stocks weighed down the $SPY today.  Welcome aboard the whipsaw bus, if you look out to your left, you will see the Bearish Town.


  • $NVDA  is down 6.50%.
  • Both $PTLO and $TSLA down over 5%.
  • $AAPL down 3.93% (last in $DJI).
  • $MSFT down 2.91% (next to $AAPL in $DJI).
  • $VZ up 4.33%.

Market Performance

Major indices

Sector Performance

  • Today: 8 of 11 sectors are up.
  • Best sector: Financials up 1.26% to 39.46
  • Worst sector: Technology down -2.83% TO 169.01
  • VIX climbed back to the 20s up 6.64% to 20.57.
  • Crude oil /CL is up 1.44% to 71.89.
  • TNX is down 2.80% to 14.22.
  • TYX is up 0.32% to 18.61

SPY Snapshot

SPY Daily Chart
  • $SPY retreats back today to close at 466.45.  It's still higher than the 9 and 20 exponential moving average; and higher than the 30-day simple moving average.
  • Relative strength index finished at 52.22 in contrast to 58.27 from yesterday; higher than our 44.66 support.
  • Volume retreats as well today compared to yesterday.

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