R.C. Market Report 12.10

• Tomorrow's Forecast: Cautiously Optimistic

• Today: A side trending pause day. Continuation of profit taking from yesterday was stopped short by late day rally.

• Tomorrow: The market did not look particularly strong but holding off a profit taking selloff is a bullish sign. With moving averages flattening out, I think we can make an attempt at pushing this market higher tomorrow and friday. The volume remains low so the possibility of failing is always present. But I think the break above 50DMA can be done soon.