Happy 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 push over that trendline will be suspect.
GS – Goldman Sachs is attempting a break higher here. Intraday, it’s getting extended, but financials could help spark a break higher if they participate. Breakouts have been working the past two days.
