Weekly Update: Dec 17 2015 Market Remains in the Doldrums

Even though the market reacted positively to this week's Fed announcement to raise rates, it quickly reversed back into negative trend territory. 

If we look at my chart plotting the weekly indicator it's easier to see the overall trend. We've only had two weeks above the 50% line.  The next two weeks are holiday weeks and some of the market activity will be mutual fund 'window dressing', so we will wait through December to see what January brings.