Thursday, December 20, 2012
S&P 500 close 12/20
Textbook move by the markets today. After an attempt to move lower in the morning, the market traded sideways until the bears relented and we pushed higher. The market closed at 1443 up 7. I do expect to trade sideways until the top value line moves up to the index. Right now the top of the value is almost 1429. Short term is improving, but again a little back and forth is probably expected. Long term looks good.