Stock Market Technical Analysis
December 15, 2009 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 the markets are sending mixed messages. Some sectors and indices are breaking out while others are falling down. The majority are treading water as there is no rising tides to lift all boats but rather just ebb ands flow.The Financials and Energy continue to be weak while Healthcare and Transports show strength. Most sectors and indexes are consolidating and contracting Keltner channels often lead to sudden sharp movement. Stock Market Technical Analysis helps us assess the market direction and time entries, exits, and position sizing. Next update will be Friday December 18th.
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