A little more of the same. The market opened weaker at 1464 and then rallied to finish at 1472, up 1. The consolidation continues and the value zone is now at 1458. This is the third push above 1470 in the last four days. We may be able to hold this level. The lift in the S&P 500 has been impressive if for no other reason than Apple ($AAPL), the largest stock in the market weighted S&P, has been down noticeably. Short term momentum is flat and long term is steadily improving.
We are moving to stockmarketandi.com . We will dual post until the end of January when we transition to the new site.