Not much to say other than I still expect a possible great rally this week into xmas.
The markets should make a great reversal now to the upside as to me the TRANNIES looks like about to breakout above MA200 above 5000 , an area it havent seen since 2011 summer.
Somehow this will help the markets push up above 1270+ this week and possible to near 1300 area which is my target this week before xmas.
Usually this period is seasonal strong ,, but so far December has not been very strong at all - so lets see if we can manage to have a strong push higher this time.
Conclusion:
Overall remain very bullish ,, dow transports looks like about to do the major breakout higher ,, many stocks posted bullish harami pattterns and we picked lots of good winners in large caps and small caps on friday in www.nwatrading.com
Remain long TNA/EDC
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