December 6th, 2011 Market Recap with DeMark Interview

Despite the risks for European downgrades across the board the market barely budged and traded down slightly on lower volume.

I’ve included a great Bloomberg clip of Tom DeMark being interviewed. For those who may not be familiar, he is a market guru who popularized many advanced (that’s an understatement) indicators for determining support, resistance, turning points, etc. in the market. DeMark predicts the S&P 500 will move to between 1330 and 1345 by December 21st *ish before reversing back to the downside. Considering how right he has been recently, the interview is worth a watch (hat tip STTG reader Abror!).

Stay frosty out there.

And a quick look at natural gas courtesy of today’s blog shows prices may be gearing for a break under $3.25.

*Email readers – visit the site to view the clip

Join 17,000 Investors

Receive Daily Market Recaps directly in your email inbox!

Log, Store, and Analyze Your Trades

Whether you're a new or seasoned investor, the Trade Journal helps you trade better:
  • Step 1 - Add trades
  • Step 2 - Mark strategies and mistakes
  • Step 3 - Analyze your results
  • Step 4 - Improve your trading
Get Started Now