Posted 9:30 AM ET - Happy New Year! May your trading profits be huge in 2022. The Market floated higher into year-end on light volume and that is typical for the last week of trading. Santa Claus visited Wall Street, but resistance at the all-time high was firm. We know that tiny bodied candles on light volume are as sign that the price action is getting toppy. We also know that when the “dogs start barking” (laggards bounce) the market is searching for leadership and that we are due for a pullback. Stock valuations have not been this high since the …
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