R.C. Market Report 12.31

• Today: Ho Ho Ho. Santa Claus rally has now come and gone. We had continuation of rally today as the Dow went up nearly 500 pts in just over two days. This is a rather optimistic way to end the second worst year in history.

• Friday: Starting with Friday, I think the market will be tested by the return of sellers. If we can hold up relatively well Friday and early part of next week, we can rally nicely into Obama's inauguration. I expect volatility to slowly return to the market in January, making trading more profitable than it was in December.