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Halftime Report, Thursday December 10

|Includes: DIA, IWM, QQQ, SPY, The United States Natural Gas ETF, LP (UNG), XLF

 Stocks are higher today on good economic reports. Natural Gas came storage fell by 64 billion cubic feet this week. UNG is up about 6.5% right now. The Russell 2000 (NYSEARCA:IWM) and especially the Financials (NYSEARCA:XLF) are showing slight signs of relative weakness today. The VIX is only down about 2%. This takes some of the strength away from today's rally as the VIX should be down at least 2.5%. The TICK is corroborating nicely. The TRIN is actually reading neutral, but the TRIN/Q is quite bullish.


Keep in mind we are still in the high base consolidation range that we have been stuck in for the past month. If the markets were to close right now, the daily chart of SPY would confirm a bounce off of the lower level of the high base.

Thanks for being a part of! Always trade with a stop loss and manage your risk appropriately.

Happy Trading,