The US Dollar continue to slip and the further it drops the more supportive for stocks. Another positive last night was the continued closing of the divergence gap between the Dow Jones Industrials and Transports. The DJIA added +1.33% to the Transports +2.03%. We really want to see the Transports to make new highs though to gain complete confidence that this strength will continue. As for positions, we’re a little long and a little short, but that was to be expected coming from within a level of indecision. This market could be setting itself up for a solid Christmas rally, although seasonal tendencies this year have mostly been wrong.
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Suite 1/ 21 Sleepy hollow Drive
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