Santa Claus in Full Bull Mode

By IBTimes Staff Reporter | December 29 2009 9:31 AM

Or should we say Santa Ben...

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3 data points

1) We are up 6 sessions in a row in all 3 major indexes, trying for day #7 - the longest winning streak since 2006 which is remarkable when you consider the scope of this epic rally since March 2009. You'd think we would of had some other 7 day runs along the way.

2) For the sixth straight day in a row, the major indexes are set to gap up at the open. According to Sentimentrader.com, this is only the 4th time in the history of the S&P 500 that has occurred. (as I mentioned last week, almost all the action lately has been in premarket - they should close this market down each day at 10:00 AM) [2009 - One Very Strange Year]

3) Also via Sentimentrader.com, this was only the second time since 1950 the S&P 500 has rallied all 5 days going into Christmas.