Stock Market Analysis

Monday, December 27, 2010

Final Week of 2010

Welcome to the final week of 2010! Yes, this is the final week of 2010 as we invite the arrival of year 2011 on Saturday.

As it is New Year's day on Saturday, US market will be closed early on Friday. The Dow closed higher by 0.65% on Christmas week as it has been keenly anticipated to. This is the 9th time the Dow has closed higher on Christmas week over the past 11 Christmas weeks and we hope you have profited from this anomaly. If you hadn't, well, the good news is that Santa Claus rally tend to last through New Year week. This means that this week would most likely be a higher week as well.

Lets continue to bask ourselves in the season and look forward to a better 2011! (I would also do a wrap up on 2010 and what I expect 2011's market to be like later this week only for paid subscribers.)

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