Santa time

December 22, 2006

There is a perfect set up for a brief Santa appearance. Listless market, steady build up of negativity. Negative economic news. Terrorism fear. Thin trading environment. All this bode well for a Santa rally and I would not be surprised to see some action in the market till end of year.

If you are looking for quick buck, keep a close watch on the top momentum plays. That is where the action will be concentrated.

6 comments :

  1. UnknownDec 22, 2006, 10:01:00 AM

    i feel like this market could go hard either way... santa or satan?

    ReplyDelete
  2. UnknownDec 22, 2006, 10:07:00 AM

    REIT stocks getting mushy (SPG, IYR, ARE) IYR gapped down below MA50 today

    ReplyDelete
  3. UnknownDec 22, 2006, 10:09:00 AM

    FRPT = news catalyst - gap up

    ReplyDelete
  4. UnknownDec 22, 2006, 10:11:00 AM

    NDAQ mushed below its MA200

    ReplyDelete
  5. Pradeep BondeDec 22, 2006, 10:33:00 AM

    Looks like they let out the bears out of the cage early morning, I am in and out attending Kids school X mas party, but we should be positive by end of day. Santa rally stil a higher probability.

    ReplyDelete
  6. UnknownDec 22, 2006, 10:35:00 AM

    makes sense - as for me, i am just looking for small day trades here and there - wouldnt initiate any longer term positions

    enjoy the xmas holiday and party!

    ReplyDelete

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