What the $%@&* Trading!

Happy New Year and Welcome Back My Friends to the Show that Never Ends! It was an exciting day….starting off with a clean slate, we were all at the same starting point. But from there it all began to change.

Big gap up open was hard to hold on to….the Dow made a 5-month high and the S&P retreated a bit at the close, closing below its open. But still green all around.

According to the Stock Trader’s Almanac, The Dow has been up 13 of the last 18 years on the second trading day of the year. That will give us some follow through on today’s action. Could we be setting up for a bull run year? If the first 5 days of January are net positive, then there is 87% probability of 2012 being positive.

It’s the first day of a new year, and endless opportunities await us! Happy Trading!

Whoever is still on the trading floor, will be leaving early today…or taking a very long lunch and coming back to the floor feeling very happy. So follow their lead and take that last trade amd go finish up that last minute Christmas shopping!

Wishing you a holiday filled with happy memories, a home filled with special friends, and a heart filled with love! Have a Merry Merry!!

For a week the markets made their highs of the day in the first hour after the open….or at the open. On Tuesday new highs were made all day long! Santa Claus has come to town!

We’ve got some news coming up over the next few days before Christmas pertaining to Home Sales and GDP. But according to the season, this should be a good time for the last 2 weeks of the year.

It was a week for the rating agencies to continue to toy with the market. Using such harsh language as “may” and “probably”, the agencies talked about downgrading the eurozone and banks….again. I think that should be illegal. Either do it or don’t talk about it.

Anyways….it’s the week before Christmas, so parties, long lunches and taking off early will be the rule for this week…and next.