TL’s Weekly Stock Market Recap: December 19, 2020
TL’s Weekly Stock Market Recap covers the following:
* S&P 500 and Nasdaq Distribution Count and Support.
* Leading and Lagging Groups/Industries past 5 sessions.
* Leading and Lagging Groups/Industries past 4 weeks.
* Day by Day Review with Journal Notes.
* Market Index Review via Top 10 Report.
|Market Conditions||Confirmed Uptrend||Confirmed Uptrend|
|Last 5 Sessions|
|Leading % Change: Solar, Home Construction, Software, Growth, Cannabis|
Lagging % Change: Energy, Oilers, Airlines, Banking, Utilities, Industrials
|Last 4 Weeks|
|Leading % Change: Solar, Oilers, Biotech, US Cannabis, Oil, Social Media|
Lagging % Change: Utilities, Real Estate, Transportation, Consumer Staples, Industrial
THE PAST WEEK: 5 DAY 15 MIN CHART, VOLUME STATS AND COMMENTARY VIA @TLPRIVATE_
SUFO – Stocks Up From Open
SDFO – Stocks Down From Open
U/D – Up/Down
RV – Relative Volume
HRV – High Relative Volume
LRV – Low Relative Volume
EOD – End of Day
PLG – Potential Leadership Groups
Leadership Day – Indexes finish up on the session with leadership groups leading from the open.
Rotation Day – Indexes finish up on the session with laggards leading from the open.
Distribution Day – Indexes finish down on the session on increasing volume vs prior day. Track index volume: https://www.traderlion.com/stock-market-exchange-volume/