More of the same light volume drift higher led by small caps as traders sit tight for the Santa rally.  NKE and XLNX are both down after earnings tonight, but the overall trend is still up.  We are a bit extended; however, holiday trading and 2 POMOs a day will continue to keep us floating higher.

Related posts:

  1. 10.05.09 – Smells Like Trend-Day Spirit
  2. 12.28.09 – Holiday No Man’s Land
  3. November Expiration Friday & Holiday Effects
  4. 05.22.09 – Light Pre-Holiday Upward Bias
  5. 12.31.08 – Nice Holiday Follow Through