Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Well this action is even better than the typical light holiday trading as the market is now pricing in a definite fiscal deal. Key levels on all the major indexes have now been breached and barring a major change in heart in the closing few hours look to be far enough over to hold at the end of the day. This is the action ‘da bulls were looking for. Near term the main worry now is when this mkt hits overbought… not quite there yet.
NASDAQ has been the laggard and it was the last to clear November highs.
Not a day for these guys…
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