Market Summary

As can be seen from the chart below we are above all the moving averages heading into the last week of the year, traditionally the time of the Santa Claus Rally or Christmas Rally for the last week of the year. Will we get a rally next week going in to year close? We will just have to wait and see. Click on chart to enlarge.

Of major interest is that as we approach the year end the small cap index has overtaken Gold in the best performer spot for the year up 23.26% beating golds 22.64%. For the week gasoline per the UGA was up the most up 5.24% followed by the oil ETF USO up 3.23%. All funds were up for the week with only EFA slightly in the red. Click on table to enlarge.