December 11, 2009
A SUPER LIGHT VOLUME DAY
Better Retail Sales and Consumer Sentiment data helped bulls push equity prices higher today. The dollar continued its climb while commodities (energy and gold) and bonds fell. The ongoing “dollar carry trade” seems at risk but that didn’t seem to bother bulls in the short-term.
Volume is hitting holiday-like lows which help bulls manage a positive day easily. Breadth was mostly positive.