The US Equities Ended Flat

The Dow still stayed above 10500. Ideally a break above 10500 should have been very bullish.

But the fact that the break was accompanied with very thin volumes owing to holiday season has not made the Dow very bullish until now. Going forward into the new year, we shall have to see whether this rise above 10500 turns out to be a false or a potent break.

The Asian indices are trading mixed. The Nikkei (10546.44) is closed today and shall reopen only on Monday. The Shanghai (3262.08) and Straits (2884.16) is trading flat while the Hang Seng (21669.42) and All Ordinaries (4879.90) is trading 0.82% and 0.66% higher respectively. The Sensex (17343.82) ended 0.33% lower yesterday and is likely to be ranged today as well.

Today is the last trading day for 2009. Most markets have risen between 60%-120% since March '09 lows this year. Let's see how 2010 unfolds and if this year brings accelerated economic recovery to the developed economies in particular and the World in general. We hope that Sensex regains 20000 in 2010.