Before the Open (Dec 29)

Good morning. Happy Tuesday.
The Asian/Pacific markets closed mostly up; the European markets are currently up across the board; futures here in the States are up a couple points.
Yesterday the indexes pushed to new high but couldn’t hold the gains. The final numbers were that of an unchanged market. Today’s open will be at or near those highs.
Here’s the 60-min SPX. Not bad. The index has broken free from its 6-week consolidation period but hasn’t distance itself from the range to be considered a valid breakout yet.

Here’s the 15-min SPY. If the market runs here, there will be lots of unfilled gaps left behind.

My bias of course remains to the upside. We’ve had many stocks breakout and rally to their targets the last couple weeks. Yes it’s possible things are getting a little overextended to the upside, but in my eyes, dips are buyable (at least for now). More after the open.
headlines at Yahoo Finance
today’s upgrades/downgrades
this week’s Earnings Reports
this week’s Economic Numbers