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Monday, December 04, 2006

Pump Up The Anxiety

M&A activity, falling oil prices, and a lack of economic reports enabled a positive start to the week. And, of course, the normal demon - year-end performance anxiety.

End_of_day_chart_62

While the volume was not confirming the bullish tide (just like in Friday's selloff), traders had plenty of action to work with. Leadership could be found in basic materials, casinos & gaming, investment services, airlines, medical equipment, restaurants, tech, and retail. Energy traded heavy, but managed to end the day ok.

The bulls we'll have more challenges ahead with the release of more economic data. I'll see you bright and early tomorrow morning. Have a good night!

Posted by Kirk at 7:46 PM in Review | Bookmark | Feeds | Link |


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