Sunday, December 19, 2010

the final push

Poised to finish the year higher, the major indices are trading sideways gathering energy and buyers for the final push the last trading days of 2010. QE2 and the Fed's never-ending support of assets creates a fairly broad safety net for investors.

In other news, the tax code remains unchanged for 2011, oil still sits in the upper 80s and gold sits right at its 50 DMA.

DJIA 11,491.91 -7.34

NASDAQ 2,642.97 +5.66

SP500 1,243.91 +1.04

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