Dow Jones Industrial Average Futures Forecast December 3, 2012, Technical Analysis

The Dow Jones had a relatively quiet session during the Friday trading hours, but did get a bit of a lift late in the day due to a rebalancing of a couple of indices. Nonetheless, we are above the 13,000 level again, and we do think that this could open the gates to higher levels. Certainly, any type of agreement on the “fiscal cliff” in these next few weeks will send this market much higher.

Unfortunately, most of this potential will be over the weekend, and certainly not during the time when you can trade. Having said that though, this market does look healthy in general, and should start to pick up steam towards a in the year as many of the large hedge funds are underperforming drastically for the calendar year. They will simply have to play catch-up, and start buying stocks in order to try and beat the averages.