- A day after the Santa Clause Rally officially ended, the S&P 500 fell 1.16% and the VIX bumped up slightly to 22
- This was the third time in the last two holiday-shortened weeks that the S&P 500 closed lower by over 1%
- Only 23% of stocks within the S&P 500 managed to close positive, with Energy being the leading sector from that perspective
- Despite the sell-off, the S&P 500, Dow Jones Industrial Average, and Russell 2000 have weakly bullish postures; the NASDAQ is bearish
- All major U.S. equity indices continue to trade below their falling 30 day moving averages
- The Dow closed lower by 1.02%, the NASDAQ closed lower by 1.47%, and the Russell 2000 closed lower by 1.09%
- None of the major four U.S. equity indices have either a “3 Green Arrows” or a “3 Red Arrows” signal, due to mostly sideways trading behavior recently
- Only the Dow Jones Industrial Average retains its “golden cross” on the 10/40 weekly crossover chart, and even that could change quite quickly with more selling
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