R.C. Market Report 12.17

• Tomorrow's Forecast: Continuation of Gradual Incline

• Today: Market digested terrible numbers out of MS and managed to hold up. The day ended as a down day but we are also holding above the 50dma. Today is another down day coupled with low volume.

• Tomorrow: Recently, market is doing a good job of digesting all kinds of bad news. And of course, rally occurred on what was interpreted as positive news (FOMC). Going forward, I don't expect to hear too many positive news. But maybe having no news at all is just as good. Trading on light volume is concerning eventhough it's to be expect in this time of year. I expect more of the same for tomorrow, a light volume day extending the current uptrend.