Was Away for Christmas, but the Market Continues to Move Higher
Posted on December 27, 2007
Filed Under Market Speculator |
Merry (Belated) Christmas!!!
My apologies for a belated Merry Christmas, but I was away with family enjoying food, gifts, and their company. This time of year is meant to be with friends and family!
Santa Claus has come and gone but he has left us a market that continues to push higher. This week we’ll continue to see the low volume as many traders are away for the holidays. However, it doesn’t mean we can not take advantage of the market rise.
Continue to search out stocks breaking out of sound chart patterns…for example PRO just broke out, but its 12/6 action has me a bit concerned. Given this market environment it is not wise to go all in on this stock. I will continue to monitor its action and see if the stock provides a good entry point. Remember, PRO issues all those Ultra-Short and Ultra ETFs.
More to come later as I am getting back into the swing of things.
Market Speculator
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