Wednesday, January 11, 2006

7 in a row? Say it ain't so.

Of course, that's the bears I'm referring to in my title. The Nazz just posted its seventh consecutive up day, and its forth straight day of 2 billion+ shares traded. Not bad, not bad at all.

Interestingly, the advance/decline line on the Nasdaq doesn't look so hot today. But its hard to argue with the price and volume action.

Energy stocks rallied back from todays early losses, as there seems to be a lot of concern about what's going on in Iran. Retailers and financials also had a very good day. I think that financials are beginning to discount the end of the Fed tightenings.

Check back later for the results to my 2006 Market Predictions poll--


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