Trading signal occurs in iETF model portfolio: Sell INP, Buy EWH.
Relief that two sides of the political spectrum may be willing to compromise to avoid "Fiscal Cliff" and a technical rebound powered S&P 500 index back above 1400. The index closed the week at 1409, up 3.62%. Dow Jones Industrial Average gained 3.35%, and Nasdaq composite increased 3.99%.
Black Friday appeared to give retailers some hope for this holiday season. However, the coming weeks will be all about "Fiscal Cliff" and to some extend, Europe's debt crisis. Whether congress and officials can rise to the challenge will greatly influence the direction of the markets.
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