The foreign market has done its job and is up pretty much across the board with the Nikkei and Hang Seng up 1.66% and 4.09% respectively, so you may be asking yourself "Is Santa Claus coming to town?" Well according to the bean counters and retail analysts retail sales were up 7.2% to 16.2 billion for Friday and Saturday, when compared with last year. Speaking of strong, oil is up again, so will we see $100 oil by the end of the year? In my opinion, this would be a psychological blow to the market if we do see oil reach and sustain these levels.
Enough of my rambling on macro issues. A couple of stocks I'm going to keep my eye on this week are: RIO, CMED, TNE, and SSRX, just to name a few. As a reminder I still have puts on the QQQQ's and CSCO. As a final thought, I have come across a cool site, Contrary Canary which details out his picks and provides charts and insight to specific trades, so check it out.
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