Friday, December 23, 2011
Santa takes the S&P positive YTD
The S&P ran right thru the 200D SMA, and not by coincidence the S&P is now in positive territory for the year. There is an outside chance that we get a monster, no-volume, lift thru year end. Come 2012, we'll find that Mr. Claus' present was coated in lead paint from a Chinese factory. Europe is feeding the ducks with news flow, but it won't be enough to support the 100 S&P points we've been gifted since Thanksgiving. That being said, GOOG is within 10 points of its 52W high,
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