One Day Remaining

 | Dec 29, 2011 | 4:05 PM EST
  • Comment
  • Print Print
  • Print
Stock quotes in this article:


After drifting down on low volume yesterday, we drifted back up and recouped most of those losses today.

Amazon (AMZN) and precious metals saw a little panic selling early, but the dip buyers jumped in and had them well off their lows by the close. Leadership by banks was probably the most surprising aspect of the action today, but it's a mistake to draw serious conclusions from this thin, whippy, end-of-year trading.

The most important thing to keep in mind is that just because it's the end of the year, that doesn't mean stocks will necessarily hold up. It isn't unusual to see profit-taking as money managers book gains and position for the new year. Many traders like to start a new year with high levels of cash and will clean the slate on the last day of trading.

Thankfully, holiday trading wraps up tomorrow and we'll have a more normal market next week. It might still be choppy, but at least volume will pick up and we won't have the manipulation we are seeing now.

It isn't bad market action, but trying to be aggressive is nearly impossible.

Have a good evening. I'll see you tomorrow.

Columnist Conversations

We have some losers here not performing, we'll cut bait SOLD SLB FEB 87.5 CALL AT .45 SOLD MS FEB...
Altria is trading above its 2016 high today as its winning streak stretches to a sixth straight session. ...
Shares of Home Depot appear to be ending a seven week consolidation with a fresh breakout today.  The sto...
The first full week of the Trump Era starts on a cautious note in the market as all the major indices are down...



News Breaks

Powered by


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.