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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016 -- Ignore unavailable to you. Want to Upgrade?


To: rimshot who wrote (210)12/22/2020 7:56:20 PM
From: rimshot  Read Replies (1) | Respond to of 1118
 
briefing.com end of day Market Wrap excerpt -
Tuesday December 22, 2020

Nine out of eleven sectors finished in negative territory, but their losses were largely offset by relative strength in the top-weighted technology sector (+0.9%).

Roughly half of the group's components recorded gains, but Apple (AAPL 131.88, +3.65, +2.9%) was mostly responsible for the daylong out performance.

The largest stock by market cap continued climbing after yesterday's reports indicated that the company is developing an autonomous electric car.

Today's rally left the stock within ten points of its September high.
High-beta chipmakers underperformed with the PHLX Semiconductor Index (-0.1%) widening this week's loss to 0.8%, but the weakness had a limited impact on the broader tech sector.

Energy (-1.7%) and communication services (-1.0%) finished at the bottom of the leaderboard.

The energy sector continued its recent show of relative weakness (-3.5% week-to-date) while crude oil fell $0.79, or 1.7%, to $47.00/bbl.

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* an Important chart each day is the SPY daily with 15,2 Bollinger Band
for optimal sensitivity at potential turning points
and including Carl Swenlin's most basic daily Advance-Decline & Price Momentum
indicator set :

for identifying in advance of price changing direction
any Negative Divergent lower high
or
any Positive Divergent higher low Advance-Decline or Momentum levels
vs.
the price pattern levels that actually form in each period of time -

stockcharts.com