1/02/2013

A good start to the year

Relief rally at work after the fiscal cliff deal was passed. The market was under pressure due to the overhang of the deal. However selling was mild and breadth was not deteriorating. As soon as the clouds were lifted the market rallied big on 31st.

The small correction has resulted in many stocks having orderly pullback or going sideways. As the market enters rally mode, more of them will breakout. 
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