Stock Indices Close Above Their 50 Day Moving Averages

The stock market was strong today with the Dow, NASDAQ and S&P all closing above their 50 day moving averages. You'll recall the other day I shorted the Q's and I'm using a very tight stop which is right above last week's high. The reason for such a tight protective stop is because this time of year there is a strong seasonal tendency for stocks to rally going into January and I do NOT want to be short if seasonal strength begins to show itself. We'll see if the buying continues tomorrow.