For the second straight day, we opened strong from premarket gains and finished weak. The S&P 500 is up more than 8.5% in the last six days and gapped up big 4 out of the six days. Could the bulls be a little tired? Coming out of the weekend, it was close to a unanimous agreement that we have a pullback before a good Santa Claus rally. With a gap and go this morning, some may be shaken out of the pull back trade early. Let’s see if the bears can grow some claws as we wait for the ECB meeting and the Europe Summit.
