We are seeing a trading range of 20-30 points in which there is no real excitement on the S&P. The holiday season typically shows low volume and sell offs due to losses taken before year end for tax purposes. A recession typically mean sluggish behavior and no real upward trend. Here is my prediction! People will get their pants all up in a bunch because retail and job numbers will be more positive. Market may go up for a few days. Than everyone will realize that seasonal workers were hired and sales will decrease over the next quarter. Oh, and let’s not forget that people are putting most of these sales on credit cards they cannot pay. Day trading is not easy in this environment and we must maintain a defensive attitude.

This entry was posted on Monday, December 7th, 2009 at 2:22 pm and is filed under Financials. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.