When the last hour of the session began, we started diving fast on big volume. It coincided with Bank of America (BAC) breaking the $5-barrier. However, I'm not interested in financial stocks, I would rather buy strength than weakness... A small bounce in the last minutes of trading, but nothing important. All major indices closed near the lows on lower volume (the latter not surprising, the week before Christmas).
5m-chart SPY:
Daily charts DIA, SPY, QQQ and SMH:
Oil keeps trading near 94. The euro and gold were down little. But not silver, it lost 3% while copper was down over 1%.
A few articles to end the day:
Trending Value (or how to crush the market)
Understanding Enonomic Reports
Most stock funds post losses this year; bonds gain
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