PRE MARKETS

The final day of the year and futures are pointing in the unchanged direction as I type.

Some interesting stuff in Barrons this weekend as they were bullish on LTR and BK and bearish on the Canadian Dollar.

For all the volatility in the markets this year note the following on the SPX:

20 SMA- 1,480
50 SMA-1,481
100 SMA -1,488
200 SMA-1,491

Some predictions since everyone else does them, why not this fish- major indexes to close as follows on December 31, 2008.





And sectors I expect will do well includes energy, materials, retail (second half) and financials (second half).





Note the December 27 earnings estimates for SPX by Standard and Poors now at $101.23. I think these numbers are still optimistic and I expect them to come in closer to the $95 level. Note either way the PE still fairly inexpensive near the 15 level assuming my $95 number.






SPX +7%


DJIA +7%


NAZ +9%





IBD 100 stock ratings of note:





1- BIDU





3- ISRG





4- POT





5- RIMM





8- AAPL





17- NOV





23- GOOG





35- MA





47- FCX





59- AMZN





60 NDAQ





72- GRMN





85- DE





86- ICE





97 -NVDA





100 MTW