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Monday, December 23, 2013

Daily update 12/23

A gap up and go nowhere day.  This may be the SOP for the rest of the year.  When there is little buying interest the easiest way to get the market higher is through overnight gaps.  The lack of selling interest was very evident today.  Intraday dips were tiny as buyers rushed in.  Here is the SPX daily chart.

There is not much to say here.  Unless we close below 1808 the bias is up.  Don't forget the market closes at 1 PM EST tomorrow.


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