The Wrap 12/6/10


Stocks fought their way to a fractional gain late in the day as the dollar pulled back, but the effort failed to attract enough support to prevent a flurry of selling in the final few minutes of trade. Five of the ten sectors were in negative territory, led by health care (-0.07%), utilities (-0.5%) and consumer staples (-0.3%)

Today was the second day of consolidation for the bulls. They took the hill last week and are now waiting to make a move for the next move up. Hopefully they are, we’ll see. The tape says we go higher for now, and there are some really nice setups out there. Our list is pretty full so I want to monitor our list for a day.

I think we are going higher. See you in the morning.

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