Good morning. Happy Monday. Hope you had a nice weekend.
The Asian/Pacific markets closed mostly up; China gained almost 3%. Europe is up across the board; gains are moderate. Futures here in the States point towards a positive gap up open for the cash market.
I don’t have anything to add to comments made in my weekend report. I never know what will happen day to day, but overall the trend is up, and I expect this to continue.
There’s an FOMC meeting tomorrow, so you gotta wonder if the market will run again with such an important announcement looming. Options expire this week, so today after the close I’ll doing my monthly open-interest analysis. If the bears bet big on a move down, they’re getting killed right now.
I always have a lack of things to say when the market is trending because it’s my preference to get in and hold and ignore the day to day noise. Such is the case right now. I’ll have more to say on the message board after the market opens.
headlines at Yahoo Finance
today’s upgrades/downgrades
this week’s Earnings Reports
this week’s Economic Numbers
0 thoughts on “Before the Open (Dec 13)”
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Hi Jason! I know that you are not a big fan of seasonality factors
and in one respect you are right. If you follow the charts they will
tell you exactly where we are at. I believe the heavy selling will
resume next month, so watch out for some collateral damage to occur
mid to late January, and then into early February 2011. HW
Ben Bernanke is 57 today.