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Stock Market Technical Analysis 12-10-09

|Includes: IWM, SPDR S&P 500 Trust ETF (SPY), XLE, XLF, XLK, XLV

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.


Disclosure: SH