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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 690.38+0.4%Dec 24 4:00 PM EST

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To: GROUND ZERO™ who wrote (43384)1/8/2013 12:41:46 PM
From: Keith Feral  Read Replies (1) of 220634
 
Gaps are a great thing when they work in your favor like last week. Apple has already filled the gap from it's breakout, and I wouldn't be surprised to see other big stocks track lower this week. If the ECB comes out with a rate cut, that could help the Euro post a steep correction as the dollar heads back onto a buy signal this month. That would be my number 1 catalyst for things that can go wrong this week. Next week, people will start squirming over Q4 earnings. Plus, we have the mid month peak coming into effect next week as dividends start to get released.

The biggest dividend event of the year is still a few months off when the banks get the nod from the FED to increase dividends. JPM isn't exactly dirt cheap with a 2.7% yield right here. I favor the gains from the last 5 weeks over any enthusiasm for yields right now.
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