Year-end is both a boring time and an anticipatory time for markets. Most markets get relatively quiet. Yet for some, that quietness is just the prelude to new and interesting trends that break out in early January. The question I'm stuck on is whether stocks have been held up by year end forces while the euro and gold have fallen, and will the new year/next week see stocks join those markets in their trend lower?
I noted back on December 16 that crude oil had formed back-to-back range bust days, and that such occurrences were rare and powerful signals. Oil closed that day at 73.72 and is now at 76.75.