A NICE UP DAY BUT NO NEW PICKS TODAY December 22, 2009
Posted by Marlowe Cassetti in Blogroll.trackback
Stocks pushed higher for a third straight day after a surprisingly strong report on housing provided the latest evidence that the economy is picking up speed.
All major indexes gained less than 1 percent Tuesday, with the Standard & Poor’s 500 index and the Nasdaq composite index closing at new highs for the year. The Dow Jones industrial average rose 50 points, bringing its three-day point gain to 156. (commentary and photo courtesy of AP)
Okay, so we have a nice up day in the market and maybe a continuation along this path will lead to a resumption of the bull move that started in March of this year. We shall know the answer in the fullness of time. Until then I will be waiting for RSI to lead my investment decisions.
Catch you tomorrow.
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