So with December coming to an end I think we can look at the month and call it a successful one at least. If trends continue we will end 2009 on a high note with all major stock indexes up heading into 2010. This will be a big achievement if you go back to the start of the year when everyone thought the financial markets were collapsing and the world was coming to and end. Lets look at December’s numbers:

-       Dow Jones up close to 1%

-       S&P 500 up 2.5%

-       U.S. Dollar Strengthening on All Major Currencies

These have all been optimistic signs for the U.S. economy and I see no reason for anything to change within the next 5 days of trading in 2009.

1. We will see light volume due to the large amounts of investor taking off early to spend the holidays with their families.
2. Historically Santa Claus has always stimulated the stock market and send it higher in the last couple days of the year, some might sell for tax reasons but the majority of folks find it hard to be bearish during the holiday seasons.

So unless anything catastrophic happens we can close out the year on an upside. Good to hear, lets just hope 2010 isn’t as rocky as 2009.

Related posts:

1. Pick of the Year: IVN
2. Historical Technical Indicators Point to a Bullish December: Believe it or Not BBD is Still a Buy
3. Petrobras Strong Buy