Tuesday's session was a quiet one for Wall Street. The east coast is still trying to dig itself out from a massive blizzard. The weather and the holidays has left interest in the stock market at a minimum. It would seem everyone is holding on to their positions until the year ends. Unless there is some unexpected news event odds are we will continue to drift sideways.
Our market bias for 2011 is bullish but we're expecting a correction in mid January. I am a little bit hesitant to launch a bunch of new bullish positions now with this looming two or three weeks in front of us. That doesn't mean we can't make money on the bullish side in the first half of January but we will have to be nimble.
With the market in a narrow range today I didn't see anything worth adding to our play list tonight.