Christmas Rally in the Making; Stocks Begin Getting Accumulated
Filed Under Market Commentary | 1 Comment
Back to back days of accumulation sparks hope of a Christmas rally.
Stocks finally show some life as accumulation has crept back into the market over the past two trading sessions. Although its far to early to call this a new bull market we certainly can see a bear market rally. Volume is below the 50dma but we have seen increased volume and that is what is most important and we have it. Leadership is weak at best but we do have some leaders out of the defense sector and a few education stocks. Do not get too excited for a new raging bull but upside may be here to come.
Maybe Santa Claus can bring us more upside, HO HO.
’tis the season
MS
Last 5 posts in Market Commentary
- Quality Growth Stocks Lead the Way as Stocks Advance in Mixed Trade - June 2nd, 2009
- Re-Inflating the Bubble; Inflationary Pressue Lifting Stocks - June 1st, 2009
- Treasuries Begin Their Decline Striking Fear into the Stock Market - May 28th, 2009
- Follow on Twitter and Seeking Alpha - May 28th, 2009
- GMCR - May 15th, 2009
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