Before the Open (Dec 30)

Good morning. Happy Thursday.
The Asian/Pacific markets closed mostly up – gains were small. Europe is currently down across the board – the Swiss market and Germany are down more than 1%. Futures here in the States point towards a flat-to-slightly-down open for the cash market.
Canada being open yesterday didn’t change anything. The market was still slow, the range was small and the volume very light. Commodities weren’t slow though. Numerous metals groups, oil and ag fertilizers did great, so despite the slowness, there have been opportunities if you were willing to show up. 🙂
There are lots of warning signs which could be a function of the market’s lack of movement (can we really expect new highs to expand right now?), and since it doesn’t seem like the market wants to show it’s true colors right now, we’ll have to wait until next week. Maybe the indicators are right (the market will correct), or perhaps they’ll quickly right themselves when the action picks up. For now the trend is solidly up, but I’m staying on my toes. This isn’t a time to be entering new positions unless the patterns are too good to pass up. More after the open.
headlines at Yahoo Finance
today’s upgrades/downgrades
this week’s Earnings Reports
this week’s Economic Numbers