Thank You, Santa
It took a bit longer than many had expected, but the end-of-the-year rally finally kicked in Tuesday and we've been climbing slowly higher on declining volume since. In retrospect, the selling and negativity we had Tuesday was really the perfect setup for the turn. It assured that folks were out of position and set the stage for some chasing.
As has been the tendency once the turn occurred, we had V-shaped action, which always makes it tougher to put cash to work. There was a little nervousness following a poor report form Oracle (ORCL), but it was shrugged off and the bulls kept chugging along. The extremely light volume makes it challenging to jump aboard, but we have seen these sorts of moves so often it really shouldn't be a surprise....198 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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