Wednesday, December 12, 2012

S&P 500 close 12/12

So to use a baseball analogy today was a foul ball. Not quite a strikeout, but pretty close and just barely alive. After starting the day up above 1430 and getting help from the Fed to move much higher, we still retreated to 1428 at close. Within striking distance of 1430, but not enough to feel comfortable. We have had a number of up days in a row, so it may be a little bit of a break. But then again, it is cause for some concern. With two days left this trading week, we need to see some upside determination to move forward.

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