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Good Strength, but Light on Volume: UnConfirmed December 24, 2011

Posted by Tom in Thoughts.
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It’s a busy time of the year, so I’m not in much of a mood to write.  So, I’ll get right to it:

Stocks are looking pretty good right now.  The charts below show a lot of “Green”.  Prices up and stocks show Accumulation.  The only issues I have are with the volume; it’s rather light . . no big pushes to buy.  Now much of that is due to the holidays, so we shouldn’t read too much into it just yet.  The S&P 500 Index has risen up to a level where it is reasonable to expect resistance to further price increases.

Bottom line: things are looking better, much better, but I’ll be happier to see confirmation of this strength after 1/1/12.

Merry Christmas and Happy Holidays to all.   Note charts below, click on them to enlarge. 

chart courtesy of WWW.HighGrowthStock.com; used with permission, copyright 2011-12

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