Correction risk has diminished significantly as tape condition strengthened!

December 1st 2019

Market Review

U.S. stocks finished the holiday-shortened week in positive territory, with all three benchmarks reaching further minor all-time highs during the week. The Dow Jones Industrial Average added 0.6 percent for the week to end at 28,051.41. The S&P 500 advanced 1.0 percent from last Friday’s close to finish at 3,140.98. The Nasdaq climbed 1.7 percent over the week to 8,665.47. Most key S&P sectors ended in positive territory for the week. The energy sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.6.

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