Correction, pullback, or Bear Market? Part 2

  We are post Thanksgiving and the Fed December rate decision.
 This week, and next week, have approximately 3.5 trading days each due to markets being closed for holidays: first Christmas, then end of year 2015 with New Year 2016 ahead.
  The indexes could make up for a lack luster year 2015  by rallying into and thru the end of January 2016; … but, fundamentals first and foremost, we need to see improving corporate quarterly Financial Reports and Financial Calls advising increasing revenues, earnings, margins, Return on Assets (ROA), Return on Equity (ROE), Return on Investments (ROI), … and GROWTH.
I.  Performance of the Indexes from Friday, 12/18/2015
Index chart 20151218
DJIA, Nasdaq, SPX
  • Dow Jones    17,128.55  -367.29  (-2.10%)  (chart: blue)
  • Nasdaq        4,923.08   -79.47  (-1.59%)  (chart: gold)
  • S&P 500       2,005.55   -36.34  (-1.78%)  (chart: red)
  •   ——————————————-
  • Rus 1k (RUI)  1,110.74   -19.31 (-1.71%)
  • Rus 2k (RUT)  1,121.02   -14.34 (-1.26%)
  • Rus 3k (RUA)  1,184.08   -20.17 (-1.67%)
  • CBOE (TNX)       21.99    -0.39 (-1.74%)
  • Volatility (VIX)  20.70  +1.76 (9.29%)
 Select USA Indexes by the numbers 
                                         
II.  Correction, pullback, or Bear Market? … vs. 52 week lows
 (a) Dow Jones Industrial Average (INDEX DJIA: .DJI)
(a.1) The DJIA (.DJI),
  • from its low of 15370.33 on 8/24/2015, is up +1758.22  points, or +11.439%.
  •    Friday’s close brought the DJIA down 367.29 points.
  •    a negative 52 week performance of -3.65%,
  •    a negative -3.90% year to date performance,
  • -1222.81 points down from the DJIA’s 52 week high of 18351.36, or -6.663 percent.  
  •    The DJIA is 121.26 points below its Pivot Point for Monday, 12/21/2015
 (a.2) The Nasdaq Comp (.IXIC),
  • is outperforming the other indexes. 
  •    The Nasdaq from its 52 week Low of 4292.14, is up +630.94 points, or +14.7%.
  •    Friday’s close brought the Nasdaq down –79.47 points.
  •    a positive 52 week performance of +3.31%,
  •    a positive +3.95% year to date performance,
  • -308.86 points down from the Nasdaq’s 52 week high of 5231.94, or -5.903 percent.  
  •    The Nasdaq is 23.89 points below its Pivot Point for Monday, 12/21/2015
 (a.3) The S&P 500 (.SPX),
  • from its 52 week Low of 1867.01, is up +138.54 points, or +7.42%.
  •    Friday’s close brought the S&P500 down -36.34 points, or -1.78%.
  •    a negative 52 week performance of -3.14%,
  •    a negative -2.59% year to date performance,
  • -129.17 points down from the S&P500’s 52 week high of 2134.72, or -6.051 percent.
  •    The S&P 500 is 11.68 points below its Pivot Point for Monday, 12/21/2015

 (a.4) The Russell 1000 (RUI)

  •     is up +68.60 points from its low of 1042.14, or +6.583%.

 (a.5) The Russell 2000 (RUT)

  •     is up +42.39 points from its low of 1078.63, or +3.93%.

 (a.6) The Russell 3000 (RUA)

  •     is up +70.95 points from its low of 1113.13, or +6.374%.
  (b)  Correction, pullback, or Bear Market? … vs. 52 week highs
  • Index, Close, 52Week Hi, Change,  %Change, Friday, 12/18/2015
  • DJIA ..     17,128.55,  18,351.36,   (-1222.81),   (-6.663%)
  • NASDAQ ..    4,923.08,   5,231.94,    (-308.86),   (-5.903%)
  • S&P 500 ..   2,005.55,   2,134.72,    (-129.17),   (-6.051%)
  • Russell 1k   1,110.74,   1,191.59,    (-80.85),    (-6.785%) 
  • Russell 2K   1,121.02,   1,296.00,   (-174.98),   (-13.502%)
  • Russell 3k   1,184.08,   1,275.89,    (-91.81),    (-7.196%)
  • CBOE TNX        21.99,      24.89,     (-2.90),   (-11.651%)
  A correction, not a bear market … and a sideways correction.   There’s more to add … and more to follow, which will be added [ here ] as well as in the Parts to be published … and in the comments below.   Note:  You do not have to join to read the blogs, or the comments, but, you do have to join to comment below.  All opinions, within the Site Terms of Use,  are welcome.  Feel free to participate in the discussion.
  • ( xi )  I will be returning and adding more related chart info including links to charts with  daily, weekly, and monthly chart analysis

 

 Please read:
 [ Blogs ]
 (4) Chesapeake Energy Corp (NYSE: CHK)
  Have a great day investing, or trading … 
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