12/21/10 Dave Landry's Newsletter--Deja Vu All Over Again--A Cut and Paste
Sent Tuesday, December 21, 2010
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Random Thoughts:
Well, it looks like its déjà vu all over again making today's
commentary pretty much a cut and paste:
The market didn't set the world on fire but the indices did manage
to close at multi-year highs.
Ideally, as I've been preaching, I'd like to see a little more
momentum but as long as we stay at new multi-year highs, I'm not
going to complain.
I'd also like to see some acceleration in the sectors but many,
like the market itself, remain in solid uptrends and managed to
close at new highs.
I think the song remains the same: Continue to look to add some
new longs. As usual, practice safe money and position management:
wait for entries and honor your stops/take partial profits (as
offered) on existing positions.
I guess there is one caveat though. Trading will likely be thin and
choppy from now until the end of the year. So, be selective.
Futures are firm pre-market.
Best of luck with your trading today!
Dave
P.S. Have I mentioned lately that I have a new book out?
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Disclaimer:
All predictions are about the future. A lot of $#*! can happen
between now and then.
Information is provided for educational purposes only.
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