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ETF Winners & Losers Heading Into the New Year

BY JIM FARRISH | DECEMBER 22, 2008 | 9:30 AM | 0 COMMENTS

The market ended last week higher, but as it has the last two weeks it started off strong and ended weak. We were unable to take out key resistance points with the market fading as they were challenged. Does this put an end to the Santa Rally? There is still some glimmer of hope to hear the clatter of stocks moving higher into the New Year. Even if we manage to move higher, I would not be surprised for the Santa Rally to end in a New Years hangover. There is still a major downtrend in play and the current bounce has not proven to be any more than just that, a bounce.

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