2015 - So Close, Yet So Far

Bulls tried hard to close the year green for the most important stock market index—the S&P 500—but by the close of trading for 2015, they couldn’t pull it off.

Markets started the day quite weakly but a rally in crude oil mid-day got markets moving higher until an early close of trading met with exhaustion.

The day to day two-way action was a result of weak data mixed with ultra-light trading volume. As I indicated prior to the trading week, unless you had an agenda, you were better doing nothing. It was a week of short squeezes meeting bearish realities.

Market sectors moving higher included: Oil (USO), Energy (XLE), Natural Gas (UNG), Russia (RSX), India (EPI), Taiwan (EWT), Mexico (EWW), Malaysia (EWM), Bonds (TLT) and Volatility (VIX).

Market sectors moving lower included: Most everything else.

The top ETF daily market movers by percentage change in volume whether rising or falling is available daily.

Volume as you might expect was quite light once again. Breadth per the WSJ was negative.

12-31-2015 5-28-42 PM

Da Boyz must have left their posts after the early ramp higher allowing sellers to hit the tape.

Early returns for 2015 show the S&P 500 Index down -0.73% and DOW down -2.2%.

That’s it for 2015 folks and we’ll see you next year.

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