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Daily Observations 17 December

Week closed by the bears. The bears are catching their breath.
Daily Observations 17 December
Photo by Mark Basarab / Unsplash

This bear is resting after a weeklong work.  The Russell 2000 is the safe haven for investors today up 1%.  The rest continue to decline.

  • IBM and BA are the only $DJI stocks above 1%
  • All financials of $DJI fill the bottom with $GS taking the brunt down 3.85% to 382.06

Market Performance

Major Indices

Sector Performance

  • Today: All 11 sectors are red
  • Best sector: REIT -0.34%
  • Worst sector: Financials -2.36%
  • VIX stays above 20 up 4.86% to 21.57
  • Crude oil /CL is down 0.80% to 70.29
  • TNX is down 1.41% to 14.02
  • TYX is down 2.31% to 18.17

SPY Snapshot

SPY Daily Chart
  • $SPY continues to decline today closing at 459.87 with the low seems to bounce off the 0.50 standard deviation.
  • Relative strength index declines to 44.07 lower than our 44.66 support. Could this signal downtrend to continues?
  • Volume climbs today north of 135M.

Have a great weekend.

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.