10 DEC 2010, Friday (AM)

• Back on NOV 4, I talked of SP500 1220 & 1245.  Well, It's looking like it wants that 1245.
• Anyway, still up.  Holding above the April highs.  Drew a tentative overhead trend line.
• Bullish sentiment is still high which means higher risk.  So, just be aware.  MACD is currently in a negative divergence but that could be corrected with further price action.
• After 17 DEC, the holidays will be a low volume trading environment.  Probably won't be much to say.