Stock Market Delivered Green in Pre-Christmas Trading

Next Five Trading Days are “Reserved” for Santa Rally – Will Santa Come to Wall Street?

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Today we will be covering...

  • Today, we will examine long cycles from the monthly SPX chart.

SPX Monthly Chart – Cycle Analysis 

  • The monthly SPX chart below shows a cycle composite comprising 3.5Y, 9Y (8.6Y) and 28Y cycles.

  • Note that the 28Y cycle is reaching its peak and could also rollover soon.

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What’s Next for the Stock Market?

  • The Christmas week positive seasonality played out as expected.

  • The rest of December and the first two trading days of January correspond to the traditional Santa Claus rally, as described in the last newsletter.

  • Will the Santa rally play out according to tradition? . . .

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