Today the risk cycle was on, and stocks managed to shake off all concerns and rallied higher, with broad gains on light volumes.
The Russell 2000 has risen to its down trending resistance for this trading range.
Yes, I was tempted to dip back in on the short side, but this kind of light holiday market, with the wise guys looking to mark their gains for the year into the books, is a tough trade.
Gold and the Dollar were off a bit with the refreshed taste for risk.
Silver rallied on the positive correlation with stocks and risk.
Today is the first day of Winter.
The first picture below is an early illustration from my old blog, in 2001.
Have a pleasant evening.
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