Wk01: Market Recap

10 Jan

The markets started off the year on a bullish note. Could this be setting the tone for 2010? We have some room to move higher before hitting some major resistance (prior support). The S&P was the strongest of the top line figures in week 1, but all four indices moved higher. The VIX has broke down to new 52-wk lows and we are looking for volatility to remain low throughout 2010 (at least relative to 2009).

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