Yahoo Finance

The ugly December days are adding up, but indices continue to hold recent lows. Although the S&P SmallCap 600 (SML) made a very minor closing low on Monday, we would not classify that as a breakdown. The S&P 500 (SPX), the S&P 100, the Nasdaq, and the Nasdaq 100 all fell between 1.1% and 1.3%. The S&P MidCap 400 and SML both gave back 0.7%. Sector weakness was evident in Consumer Discretionary (XLY -1.6%); Materials (XLB) and Information Technology (XLK), down 1.3%; Healthcare (XLV) and Consumer Staples, off 1.2%; and Communication Services (XLC), Industrials (XLI), and Financials (XLF), off 1%. Energy (XLE) led with a flat day as natural-gas futures exploded over $4 and finished at $3.91, up 16%. Coal, Exploration & Production, Pipelines, and Oil Equipment & Services led the Energy sector. Short-term technicals are a bit challenged and we would not be surprised to see further weakness. The five-day/13-day exponential moving average (EMA) crossover is bearish for the SPX and the index already has lost its 50-day average. A break below its recent low near 5,830 would complete a small head-and-shoulders top with declining neckline, adding to the bearishness of the pattern. The SPX also is back below the lower trendline of the bull channel that started in August. The 21-day rate-of-change (ROC) is negative, while the daily Vortex indicator is in bearish territory. The only weekly bearish indicator is the NYSE-Hayes High-Low Signal, which is warning of more downside. Most other weekly indicators are still bullish. A break to new S&P 500 lows would open the door for a possible drop to multiple supports in the 5,600 to 5,700 region. (Mark Arbeter, CMT)

The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.

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