Santa Clause Rally????

ES12072013Is this the Santa Clause Rally? Money is going into the technology and Finance sectors. The retail sector is probably the worse of the major sectors I follow. The overall market is very bullish thanks to the Fridays jobs report. With technology leading the charge I feel we are in for more upside. In the last post I noted the 1773 area is the level to look for a bounce and that is close to what happened. Going forward I think the most bullish scenario plays out which is a move to 1830 then to 1860 by the end of the month. As far as my swing trades go I am long with risk ADI and LLY. I picked up ADI this week. Long with no risk I have BAC, PRU and XLE. In summary Santa Clause Rally yes but not on the back of retail. Have a great week of trading.