QUICK THOUGHTS
I have a lot to discuss with respect to the current markets. However, I have caught a nasty stomach virus that has made my wife and kids see me in a different light as I have essentially been making out with a toilet over the past 24 hours.
I will be posting a few pieces of data to support my current bullish stance this weekend. I do think there is a good possibility of a break below 1200 taking place next week before we get into the meaty part of a rally that takes out the much talked about 200 day MA on the S&P 500 and goes much beyond.
I am positioned for it in EDC, DGP and AGQ. I would like to add to my equity exposure substantially if we move below 1200. If not, I will look for points to increase exposure along the way.
Bottomline: The Christmas rally will come now that everyone doubts it. This has been a "last minute" market for the second half of the year with a bulk of important moves taking place either in the premarket resulting in gaps all over the place or in the last hour of trading. I expect the last minute status of this market to be reflected during the month of December, as a majority of the gains will come in the final quarter of the month.
Illustrations and lots more information this weekend.
