Sunday, December 17, 2006

Weekly Look Ahead

The pulse of wall street was pounding by the end of last week with a new Dow record reached and traders treating almost all news as good news. The Market appears poised for a strong end of the year which means that people will be looking to get into winning market positions before the end of the year.

Combine that with the hesitation people have for selling now and taking a tax hit in 2006 that can be put off to 2007 with just a few weeks delay and you have a recipe for a strong market stretch.

There is plenty of news coming out in the next week, but the mechanics of the market leave us in a strong position toward gains.

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