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Alan Posner
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Sea Lion Capital Management LLC provides Investment Advisory Services. Founder and Chief Market Strategist Alan Posner presents his analysis of markets here throughout the week. Sea Lion Capital Management specializes in stock market technical analysis, commodities technical analysis, and forex... More
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  • Stock Market Technical Analysis 12-10-09 0 comments
    Dec 10, 2009 8:16 PM | about stocks: SPY, IWM, XLE, XLF, XLV, XLK
    Stock Market Technical Analysis

    December 10, 2009 Video Update

    Stock markets continued their range bound moves as discussed before Thanksgiving. The SPY is stuck in a range between about 108.75 to 111.70.  Volume continues to be thin and SPY may have put in a top on December 4th and this video shows why.  The Financials continue to be weak and a Healthcare may be putting in a double top. As other sectors tread water or are in retreat SPY holds on.  Energy (NYSEARCA:XLE) found support as predicted but the bounce may be short lived.  Stock Market Technical Analysis helps us assess the market direction and time entries, exits, and position sizing.  Next update will be Tuesday December 15th. 

    http://www.youtube.com/watch?v=Q6bmN-UXRWk

    www.sealionllc.com

     



    Disclosure: SH
    Themes: ETF, Stocks, Video Update, Investing, Trading Stocks: SPY, IWM, XLE, XLF, XLV, XLK
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