December 21, 2008

Market Review and Commentary for December 21, 2008

DISCLAIMER: These are trades I am doing and may not be right for
you. Use your own Due Diligence when making financial decisions of
your own choosing. This is NOT a recommendation of any security.
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The market tried going down on Friday but could not get enough selling power to push it lower.

So it looks like we will go higher now to our target of 9146-9250 on the DOW and 950 on the S&P500 before the end of this year – and before we start the next leg down.

Look to go long if you’re able to trade this Holiday season and exit as soon as we hit these targets.

HOLIDAY SCHEDULE: I will be doing fewer posts during the Holiday’s to spend time with family and friends. The markets are relatively calm and un-eventful during this period, but if something exciting is about to happen I will certainly update you ahead of time.

There will be periodic posts these next two weeks so please continue to check this page.

I will resume Daily Review posts and videos on January 5, 2009.

HAPPY HOLIDAY’S TO YOU AND YOURS!