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.
