Positive Evidence
It’s
quiet …
too quiet to add much to the current holiday slumber.
Last Friday’s action in the major averages was positive evidence of accumulation as
the indices closed higher on increased volume from the previous day.
Other than a few scattered breakouts,
most things are quiet and presumably building bases. Christopher
& Banks
(
CHBS |
Quote |
Chart |
News |
PowerRating) moved higher on healthy volume Friday.
Today, Verisity
Limited
(
VRST |
Quote |
Chart |
News |
PowerRating) is attempting a breakout and volume had already
passed its daily average in only the first hour of trading.
The holiday illiquidity and current
lack of breakouts leave very little to discuss in my last column of my inaugural
year with TradingMarkets.com. So I will sign off for now and wish everyone out
there a very happy and prosperous New Year!