Despite a number of potential news catalysts, the market did very little today. We had the inability of the Europeans to make another deal regarding Greece, we had the crease-fire news in the Middle East, and we had news Tuesday that Ben Bernanke can't save us from the consequences of going over the fiscal cliff. Any of these events could have been an excuse for a market move, but instead it drifted a little higher in slow trading. Breadth was nicely positive, but volume was very light.
As I've mentioned before, the trading around Thanksgiving tends to have a positive bias, and we already had a little momentum from Monday's oversold bounce to build on. It is tough to anticipate that we will keep on running higher, especially as volume starts to slow, but the holiday spirit tends to favor the bulls....139 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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