Tuesday, December 6, 2016

TUESDAY 12/6/16; Yuan Fat Finger Confusion; TOL; BOBE; CONN; MIK; Productivity and Costs; Factory Orders; INDU (Dow Jones Industrials) All-Time Closing High; RUT (Russell 2000) All-Time Record High; AVAV; PLAY; SIGM

Tuesday begins with the Dow Jones Industrials printing new all-time highs yesterday. The major indexes are at the following all-time intraday and closing highs

[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]

are partying like its 1999. The VIX at 11.79 and the low put/call ratios verify the market complacency. The NYMO, McClellan Oscillator, moves higher towards 40 at elevated levels where a near-term market top typically occurs.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.