Conclusion

From December 19, 2024 to January 2, 2025, one of the most positive periods of the year for the stock market, we note that the market has not been as favorable for average stocks as many sectors have been lately. Part of November. Some blame it on tax-loss sales, and it probably is. But there are sectors and indices that have fallen from their all-time highs, or at least the 2024 highs, so selling tax is not possible there. The NYSE breadth was -1,611 on Tuesday. The NYSE's 12-day advance/total issue fell to 39%, one of the weakest in two years. Once again, the weakest indexes were the NYSE, S&P 400, and S&P 600. We see some interesting data such as Commitment of Traders (COT) (it just depends on which market). We mentioned earlier that the major index composite hedge positions were quite bearish, and looking at the two index components, we see that the S&P 500 and Nasdaq 100 hedge positions are both bearish. their most negative futures position. At the same time, large speculators (hedge funds and impulse traders) increase their futures positions significantly.