Light Holiday Volume Dominates Trading

This entire week of trading has been done on extremely light volume. This is typical action during the week between the Christmas and New Years holiday. Today the SPDR S&P 500 Index(NYSE:SPY) found a low at 10:00 am EST and has bounced slightly higher since that time. It is always important to remember the old market adage that states, ‘never short a dull market’. This is as dull as it gets and the light volume will generally favor the upside. As of 10:41 AM EST the highly popular SPY is trading just 17 million shares. This market is very likely to just float slightly higher throughout the session.

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