Time

The market is just waiting for the new year so we can rally again. The quieter it gets the more likely we are to continue this up trend. The vix has been brutally beaten down to a mere 17. That is not good for shorts. Amazing how this is the best December since 1991. This is probably the slowest in even more years. This is also the smallest amount of short positions in the market in over 4 years. I have not been fading it but it is still hard to put together a good week. This market it just being manipulated to the upside. I am a Bull until any of the big moving averages are broken on the daily. Trade small and smart.

Waiting

The market is just sitting above all the major moving averages. This just tells me that we should continue on this uptrend. When they try to break them down there is just no one in a hurry to sell. The Bulls are in full control. Waiting for next year seems to be the trade that most traders are taking right now. If you are long this market why should you sell? I see no reason to be selling or getting short until we take out the 50 day moving average. Trade small and smart. Take minimal risk right now. No one is getting rich trading this market. If you make money in the morning, just go home and enjoy the rest of your day.

Bulls are Back

The market has now held it's 50 day moving average(green line) for three days in a row. The market is telling you that we are going higher. We are going to close above the 20 day moving average(blueline) as well. All signs that we will probably make new highs for the year. My next resistance area is 121725 in the mini. Above that we should trade up to 124450. Buying breaks for now.