U.S. Stock Market Resilient, As Price Trends Remain Bullish

The S&P 500 Index INDEXSP: .INX fell 0.11% today but continues to have a bullish intermediate posture.

The Russell 2000 Index INDEXRUSSELL: RUT managed to buck the trend of the other indices and closed higher by 0.13% today; it has the strongest posture over the intermediate term as well.

The Russell 2000 is the only major stock market index with a “3 Green Arrows” signal currently.

All four major U.S. stock market indices have bullish 10-40 weekly moving average crossover signals.

Crude Oil prices strengthened lately, but Energy stocks have lagged on a relative basis.

The Sector Selector featured Health Care atop the sector rankings for the first time in several months.

Get market insights, stock trading ideas, and educational instruction over at the Market Scholars website.

Stock Market Video – December 10, 2019

China and South Korea have downward-sloping 30 day moving averages and have struggled to keep up with the rest of the world in recent weeks.

Our trade application example featured selling a bear call spread on Booking Holdings (BKNG), which has been bouncing down from its declining 30 day moving average in recent sessions.

Twitter:  @BrandonVanZee and @Market_Scholars 

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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