Wednesday, December 23, 2009

Wednesday Report - VISION FINANCIAL MARKETS

In the end chalk another one up for the BULLs.
With all the buy stops above and the lack of overall trade it seems the path of least resistance is still up.

Wednesday? Have you ever heard the saying “Id rather fight than switch?” Well don’t believe it.
The theme remains the same… the slower it gets the more it will favor the upside. As of today we have 2 trading days left until Christmas, 6 trading days left in the month and 9 days left in the year.

Can you believe it? We can’t speak for you but 2009 goes grown to be one of the longest years we can remember and Dec feels like the longest month of the year.
Looking back it if there is one lesion learned it’s that the markets went up despite many a smart man saying they should go down.
In Asia 11 out of 11 markets closed higher. In Europe 9 of 10 markets are trading higher.
Our call? We have 4 economic release, the EIA numbers and 3 auctions to get past but we still think we are going up

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