Thursday, December 22, 2011

Risk On Crude Up, Stocks Up, Shinny Christmas?

Despite troubles in Europe the market is moving up and risk takers are at the table. The market remained thin with market in holiday mode. I'll remain skeptical until the holidays are over with to see if this bullishness will last.

Crude Oil 1hr trend reflects strong upchannel. "Crude oil rose a fourth day as applications for unemployment benefits in the U.S. decreased to a three-year low and the index of U.S. leading indicators signaled that economic growth will accelerate."

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