TL’s Weekly Stock Market Recap: December 27, 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, Cannabis, Biotechnology, Telecom, Retail, Software|
Lagging % Change: China Internet, Oilers, Miners, Airlines, Real Estate, Utilities
|Last 4 Weeks|
|Leading % Change: Solar, Cannabis, Biotechnology, Software, Telecom, Miners, Growth|
Lagging % Change: Energy, Utilities, China Internet, Airlines, Transports, Aerospace, Industrials
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/