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Post Market Analysis, Friday December 4

|Includes: SPDR Dow Jones Industrial Average ETF (DIA), IWM, QQQ, SPY, UUP, XLF

 The Nasdaq (QQQQ), S&P 500 (NYSEARCA:SPY), and Dow Jones Industrial Average (NYSEARCA:DIA) all made new highs for 2009 today. The Nasdaq finished up .52% today. The Dow Jones Industrial Average closed up .29%. The S&P finished the session .57% in the green. The Russell 2000 (NYSEARCA:IWM) and Financials (NYSEARCA:XLF) showed relative strength on the day, up 2.48% and 1.88% respectively. These two (normally) leading indexes seem to be working hard to catch up to the others on the daily chart. Gold (NYSEARCA:GLD) closed lower by 4.17%. The Dollar (NYSEARCA:UUP) moved higher by 1.5%, which is a huge daily move for a currency. It's certainly strange to see gold sell off so hard and the dollar pop so much while stocks rise. Just goes to show you that the markets can do what ever they want, and just because we saw a strong correlation between certain asset classes for an extended period of time, it may not always be the case. The TICK spent most of the day in bearish territory on the pull back we saw in equities. The TRIN hovered around neutral to bullish. The VIX dropped nicely, down 5.39%.

video analysis

I will review the broader time frames (daily, weekly, and monthly charts) in your Weekend Review. Thanks for being a part of! Always trade with a stop loss and manage your risk appropriately.