Market stagnation becoming evident

World Outlook
Cameras are a major deterrent to crime and terrorism. In Europe they are used even for issuing speeding tickets. But leftists in the USA who hate America are the vocal opposition to cameras. The self loathing leftist-communist-socialists in America see no problem in issuing American drivers licenses to illegal aliens and terrorists. Yes, and visa's too so they can bomb Americans. Presidents Clinton and Obama have had many leftists infiltrate the FBI, CIA, and Homeland Security that they have put the lives of good American agents in danger by disclosing their identities and by disclosing American anti-terrorist activities. And when one leftist CIA agent was outted for sending her husband on a boondoggle mission to intentionally corrupt CIA intelligence concerning African uranium shipments to radical Arab states… the entire leftist-communist-socialist world had a tizzy and attacked President Bush. The leftists have infiltrated our national security but Obama administration incompetence, not conspiracy is still the major security threat America faces today.

Market Outlook:

This Week
Seasonal retail sales are up 3.6% and newly unemployed were down slightly. Retail Sales in U.S. Increased 2.3% Christmas Week on Last-Minute Shopping.
Treasury bill auction Demand held strong at the weekly 3- and 6-month auctions, posting solid coverage at 3.39 and 3.57 with the 3-Month Bill Treasury Rate at only 0.110%.

Consumer Confidence rose slightly to 52% but appears to be relatively flat and uninspiring. See:
http://www.martincapital.com/chart-pgs/Pg_conco.htm
Jim Cramer likes to quote the Baltic Index of international sea trade in goods carried by ships. But with Jim he is a broken clock and only quotes it when it is good. But now it is showing another dip.
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND

Wednesday, Dec 30
Chicago PMI
New Home Sales

Thursday, Dec. 31
Unemployment Claims

Friday, Jan.1:
Markets closed for New Year's Day


Market forces December 30
We estimate the NYSE must still rise 2.9% from yesterday's close to be interpreted as a continuing rally not a declining head and shoulder sell signal. That reflects both the price change and volume of shares being traded. However the Spiral (Parabolic SAR) indicator and the MACD are now more optimistic.

Asian markets were down slightly over night; China up 1.6%, Hong Kong down -0.0%, India down -0.3%, and Japan down -0.9%.

European markets are down with the average in a range from -0.4% to 0.6% this morning about half way through their day.

US pre-market futures down by about 0.5% today at 8:00 AM EST.

We are preparing for a possible market decline in early 2010 that could take prices down to the old high where they were at the end of May seven months ago.