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Post: Friday - Santa Claus rally still going strong. | Daily Delphi

BlogsPit Talk › Friday - Santa Claus rally still going strong. December 27, 2013, 6:50 am

TODAY'S ACTION
No economic releases on the calendar today. This week we've seen a shortened trade week and thin volumes. But the optimism for things to come should remain in play today. Money managers and large firms probably aren't going to be making any large plays for the rest of the year and that leaves room for the market to continue the grid higher. Trade strong - four trading days left in 2013


THURSDAY RECAP

Not much stood in the way of the major averages as they continued their climb yesterday. The March S&P contract closed up +7.30 to settle at 1836.40 to post its fourth consecutive gain. Nine of ten of the S&P sectors were up with shares of industrial and energy companies leading the way. Utility stocks were on the defensive as the threat of rising interest rates came into the play. The Dow Jones Industrial Average closed up +0.8%.


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