Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Post Market Analysis, Thursday December 10

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

 Stocks finished mixed today. The S&P 500 (NYSEARCA:SPY) and the Nasdaq (QQQQ) both finished up about .5%. The Dow Jones Industrial Average (NYSEARCA:DIA) closed .7% higher. Meanwhile, the Financials (NYSEARCA:XLF) and the  Russell 2000 (NYSEARCA:IWM) closed down .14% and .4% respectively. The TICK and TICK/Q corroborated the movements in their respective indexes. The TRIN stayed in its neutral range for most of the day and the TRIN/Q was bullish. The VIX finished down 1.5%, which is a bullish sentiment read as fear leaves the market.

For the most part, today was just an addition to the sideways consolidation we are seeing in the broader market indexes on a daily time frame. The Russell 2000 (RUT) is forming a symmetrical triangle. While this makes a nice bullish pennant formation, it is still relatively weak when compared to the high base formations on SPY, DIA, and QQQQ.

I forgot to mention Natural Gas again in my video, but UNG finished up 7%.

video

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

Happy Trading,

Jason