Christmas Week!

Welcome to Christmas Week! The final two weeks of each year are holiday shortened weeks with extremely light trading activities as traders big time and retail go on much needed holiday away from the market.

Last week saw the Dow gaining 0.72% week on week as economic data continues to recover in the US. So, is Santa Claus rally going to come and lift the market higher this week?

Over the past 10 years, the Dow has closed higher on 8 of those years during Christmas week, which means odds does favor a Santa Claus rally this week. The big movers this week would be Wednesday's GDP and Thursday's Durable Goods orders, consumer sentiment and Jobless Claims (see Stock Market Calendar). This is also going to be a holiday shortened week with an early close on Thursday with markets closed on Friday.

Lets bask ourselves in the season and Thank God for Christmas.

For now, the Dow remains in a short term bull trend, intermediate bull trend within a primary bull trend.
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