sp'weekly'8
Summary
Well, Christmas is out of the way, and all that is left now is getting past the New Years nonsense.
There is little reason why we'll close lower today, and more so..many now recognise that the start of the new year will likely see a significant jump higher.
Keep in mind that the monthly charts will be offering Dow 17000s and Sp'1875/1900 in early January, which is something that even I thought not viable until March/April.
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Notable early movers: DRYS +3.5% in the $4.80s. A weekly close in the $5s would bode for 6 or 7 by mid January, which is reminiscent of the old days.
TWTR -2.4% in the $71s
8.37am... DRYS breaks to $5.06 in pre-market trading. Are the 6s even viable today? lol
RIG showing moderate strength, +0.9% in the upper 48s. Next weeks target is 52/53