S & P 500 Striving toward Santa Claus Rally

With no economic reporting again today stock futures pointed higher this morning.  Once again action on the street related to mergers and positive reporting launched stocks in a positive direction.  The S &P 500 powered through a strong level of resistance at 1250 durirng the day and managed to sustain that gain at the close.  If able to establish that level as new support, stocks could improve over the coming days.  Maybe we will see the fabled Santa Claus rally once again.