December a Overbought month for stock market ?
When markets will open on monday what will be the mood of the investors whether they will go for profit making or go for more buy.seekingalpha has posted a researched article on past behaviour of market in the month of december.
According to the post
Overall, this December would be the 71st time that the S&P 500 closed at overbought levels in every day of a given month. Interestingly, while one would expect a reversion to the mean following these overbought periods, the opposite tends to occur.
Technical indicators are suggesting that markets are now strained.Will it continue its momentum in 2011
Unemployment and volatility in global business is still out there.Reuters analysts have polled that there will be 126,00 jobs created in december month which will be 39,000 to the prior month but that will also not be enough.Korea concerns and other matters keep coming on and on.People are still confused about the strategies and ongoing in world markets.
Read reuters post
http://www.reuters.com/article/idUSTRE6BU2V520101231