The market had a mildly positive session today. After opening higher the major averages went sideways until just before the close when some late buying came in. This allowed all the major averages to finish the day at or near their intraday trading highs. The changes were a little better than the last few days as the COMPQ gained .16% while the SPX was higher by .18%. Volume was lower across the board and well below average. This is to be expected during the holiday week. Leading stocks also had a slightly positive bias with the leaders index higher by .02%. The index finished near the top of its narrow intraday trading range, it remains slightly above its short term 17dma, but also slightly below its 50dma. Volume was almost nonexistent as there is barely a bar on the chart. The market continues to be pretty dull going into the end of the year. There is only one trading day left in 2017 and barring any unexpected news it will likely be a quiet session tomorrow. There wasn’t much if any year end rally, which is more the exception than the rule. We will probably start to get more meaningful clues as to the direction the market will take in 2018 starting next week. Jerry
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