Nice follow-through after the breakout move yesterday. Banks and oil helped to push the SPY higher and retail managed a strong intraday reversal on optimistic November sales number. We are a bit overbought. Expectations for Jobs are fairly high tomorrow morning, so I wouldn’t be surprised to see some profit-taking on good news, but the dip buyers will be hungry and should provide support. Stocks are within a hair of taking out the highs of the year hit in early November. We may rest a bit, but the S&P 500 should surpass 1227 within a few days.
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