As another possible holiday gift, the battered financial sector finally showing some upside bids and could be setting up to reverse its downward trend (see the chart for ETF, XLF below.)
And not to overlook the homebuilders, they too are showing some sign of upside price trend. Take a look at the price chart for the homebuilders ETF, XHB.
Finally, Santa did not forget AAPL. It too has moved above the baseline near 396 and appears to be making a move back above the 400 level.
If these price actions hold up and the SP500 stays above 1260, then the SP500 could end the year 2011 in the green.
Have a happy holiday!
Disclosure: long on AAPL
