Archive for: December 2008December 31, 2008 SPX and GS 123108Happy New Year!… and good riddance to ’08. The SPX is knocking on resistance this last day of trading for 2008. The market’s extending the mini-surge higher this morning from yesterday’s trading. Essentially though, we’re still in a trading range. A … December 26, 2008 Will Santa Show Up for the Bulls?We may not see a Santa Claus rally if this head and shoulders pattern on the 60-minute chart of the SPX breaks below it’s neckline of 850-860. A break of support would project to an 820 target. The past few … |
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