Stock Market Trends Newsletter - Tuesday, December 8, 2015

Good morning everyone.

No videos this week as I have a very bad case of bronchitis.
I'm not really functioning during the daytime because I'm
spending most of the night coughing.

Anyways

Last Wednesday we had a major Bearish reversal signal.
This of course is a one-day event that needs to be confirmed
with follow-through to the downside.

S&P 500

On Thursday we got that follow through to the downside
which also generated and enormous number of daily sell signals.

S&P 500

Friday was a very bizarre rehearsal date to the upside,
which made up for a lot of the losses from the previous
two days, but did not change the overall condition of the stock market.

S&P 500

And on Monday, The S&P 500 give us an inside day,

S&P 500

while the MidCap And SmallCap stocks continued lower.

S&P 500

S&P 500

Crude oil also broke down last week.

S&P 500

Taking energy stocks

S&P 500

And the TSX lower.

S&P 500

I continue to look for lower prices here.

All for now.
Stephen Whiteside

 

 

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