We are off and running. The stock market opened higher, retreated to a
short term resistance level of 1462 and then steadily climbed through
the day to finish at 1472, up 11. Both short term and long term
momentum are moving more positively. We are still above the value zone,
which sits now at 1450. Early in the day I thought we would continue
you be choppy through the day and pretty much trade sideways. This
would allow the value area to move up and catch up to the market. It
seems for now the market is intent on pushing higher.
We are moving to stockmarketandi.com. I will continue to post through January until we fully transition to the new site.
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