Market action week ending Dec. 26th

Well a very quiet week in the market as volatility calmed and the VIX Index dropped to 43.38 to close out the week. The Put To Call ratio ended the week at 0.78, which is much lower than it has been these past 2 months. It has been as high as 1.47 since October. All 3 Indexes are below their 20 day Moving averages, and to me that adds to my confidence that we are headed lower in early January.

Not enough volume to draw any conclusions as to emerging trends. We are in a tight range and will stay there for the next 4 market days next week. It is time to raise cash and pay any bills to reduce taxes you might need to pay this year. I will pay my Property taxes in full before year end. Besides the State of California is almost broke and probably need the money as soon as they can get it. For those not familiar with statistics regarding California, the Unemployment rate is currently 8.7% compared to 6.7% nationally.

Happy New Year. See you back here often. I try to publish something daily but don't always succeed. Leave a comment and don't forget to vote in my Mini Poll on the right margin about the recession.