I have a feeling we will just do what we did last year this time get a low volume swing up and then die after the first few weeks of January. All I know nothing is happening here equity wise and the real movers seem to be the Gold, Silver and Oil.
Makes no sense putting up charts because they show nothing but consolidation and chop and I don't have to say it, its obvious.
Banks are looking interesting and why I say that is they were the big leaders off the March lows and they seem to have lost stream in the last two months so I conclude this is a very important development.
Oil been sweet if you caught it short I said it before a break of $76 points to lower prices and that was what happened. Also the seasonality factor of Crude Oil made it negative coming into the later weeks of the year. Check out natural gas that one is always good this time of year but I totally had my eyes elsewhere and didn't make an alert out of it.
Have a great weekend
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