Major averages fell yesterday on higher volume compared to Thursday's holiday-shortened session, and was well below its 50-day average as it was the second lowest volume of trade seen in weeks. However, after a weak start, the averages managed to close near the top of their respective trading ranges, a bullish sign. This morning the indexes are continuing higher as oil prices bounce and big-stock NASDAQ names like GOOGL and AMZN break out to all-time highs.
Quiet trading volumes this last week of the year can amplify volatility, so keep stops on your stocks tight.
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