I beleive we could see gains but there is a bottom on oil that has to be found first. Some articles say oil is heading further down so beware.
Not very nice picture. See the location of the stocks traded on the NYSE in relation to their 52-week highs and lows and how dramatically it changed over the past 8 trading sessions: chart courtesy of www.marketvolume.com
Interesting. Anybody have an interesting statistic for Thursday 12/11/14, when the market failed to reverse? The Cboe Skew index is rather blah even with VIX as high as it is. We may not get a "V" out of this dip....which is the least expected occurence. Have a white knuckle Christmas!