Posts Tagged ‘The Leong Side of the Market’
In 2010, small-caps were the runaway winners, with the Russell 2000 closing up 25.28%. Technology also provided some decent gains, with the NASDAQ up 16.88%. Lagging were the blue-chip DOW and S&P 500 companies, which ended up 11.02% and 12.74%, respectively. U.S. stocks outperformed the Chinese Shanghai Composite Index (SCI), which closed down 14.31% following stellar gains in 2009.
Merry times are here. We’re happy. You’re happy. Wall Street is happy.
With the gains on Tuesday, the Santa Claus Rally appears to be in place, as long as we see gains in the last five trading days of the year, followed by the first two sessions in January. Historical records indicate that stocks have increased an average of 1.6% since 1969, according to the Stock Trader’s Almanac.
Santa appears to be on his way. We’re not there yet, but let’s hope it’s soon.
The charts of some of the key stock indices continue to look positive and point to more potential gains after the break at the previous chart tops. I’m encouraged by the ability of the major stock indices to edge higher after breaking the previous chart tops.
Profit Confidential — IT'S FREE!
"A Golden Opportunity for Stock Market Investors"