MARKET GRUMBLINGS CONTINUED

I have thrown in a Rate of Change indicator into this SP500 chart and one can plainly see that it peaked in mid November and has trended steadily lower since even as the SP500 index made new highs. I will not call it an impending disaster, but I will say that the market is running out of momentum as the takeoff from the mid October lows have now run out of steam. The negative divergences on the MACD and the ROC stick out like a soar thumb.