Stocks Erase Gains On Fiscal Cliff Woes

Stocks Erase Gains On Fiscal Cliff Woes

Friday, December 21, 2012 Stock Market Commentary: Stocks confirmed their latest uptrend when they closed above resistance (1435) on Tuesday, December 18, 2012. This marked day 22 of their current rally attempt (that began on Friday, November 16, 2012- after politicians hinted that a deal would get done for the fiscal cliff). It was very healthy…