Monday, December 27, 2010

Monday After... Flat!

Stocks went mostly nowhere today as investors shrugged of global warming on the East Coast, China’s rate hike, and the chore of taking down Christmas.

Yes, maybe it started off a little dicey this morning. Heck, with trading volume way down the Monday after Christmas and traders locked in by blizzards, anything could happen. We often get big moves when there is no volume. But as the day went on the market meandered higher. I don’t think the shorts want to get squeezed in here, so I think we’re just seeing a lack of selling. And a lack of buying.

Let’s just assume that next week will be very interesting.

(Assuming global warming stays away…)

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