Okay, one of my last predictions for 2016 has come up short as DJ30 hit 19,981 on the high and then the market turned tail and turned over with the indices falling back to flat to negative. We will watch to see if this selling gets more intense and along the lines of the fund rebalance needed to get the stock to bonds ratio per their charters.
SP500 -6.41, -0.29%
NASDAQ -16.74, -0.31%
DJ30 -19.37, -0.10%
SP400 -027%
RUTX -0.05%
SOX -0.41%
Note that thus far the RUTX small caps are showing relative strength, something anticipated at least in terms of the smaller stocks that have not wholly participated in the late year move, several of which we have on the report.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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