A fine beginning to December. The good got gooder.

Good start to what we are told is supposed to be a good month. We have been told there has been only 5 down Decembers since 1988…so away we go.

The same names and the same areas had a good day as the worst areas bounced.

We make note of the SOX moving above resistance as well as the financials poised to move out. A good percentage of new highs are the small banks/s&ls that do not trade a lot of volume.

Keep in mind and for the hundredth time, this remains a narrow tape. Just stick with the narrow.