Santa Claus rally–but on very little substance
Traders seem determined to use the traditionally low-volume days between Christmas and New Year's to stage the traditional Santa Claus rally--bear market or no bear market. But today's substantial rally seems stitched out of very thin cloth. We had a recommendation...Saturday Night Quarterback says, For the week ahead expect…
... words to count. Big time. Everyone, including my Aunt Tilly, expects that the Federal Reserve will raise its benchmark interest rate 25 basis points at the Wednesday, December 19, meeting of the Open Market Committee. The CME FedWatch tool, which uses prices in...‘Tis the season–well “seasons” actually–for end of year selling, portfolio window dressing, small cap rallies, and the January effect
So many trends get packed into the last three months of the year--and you shouldn't forget about any of them when it comes to buying and selling. (You'll find lots of information on these and other calendar trends in the Stock Trader's Almanac by Jeffrey and Yale...Could Thanksgiving be the pause that refreshes this rally? Despite any clouds on the horizon?
The Standard & Poor’s 500 briefly inched above 2,600 today before ending at 2599.03, up 0.65% on the day and the highest close on record. Traders and investors will have much of the rest of this week off–time they can spend contemplating where they should put their money when they return on Monday, November 27. It’s hard for me to see them concluding to do anything except chase stocks and indexes higher through the end of the year.
I don’t rule out the traditional Santa Claus rally this year–but I’m not sure it will be worth playing
Most years–34 of the last 45 in fact–stocks rally in the last five days of the trading year and the first two days of the next trading year. In that 45 year period the average gain has been 1.4%.
Low level of profit-taking after 6% gain in 8 sessions is positive on upward trend
The sectors leading the market slightly lower are those cyclical sectors that have moved up most strongly on strength of U.S. economic growth—including the revision of third quarter growth to 5% rate.
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Computer trading keeps Santa on schedule
What’s not to like about this market for a computer-trading program. Cash flows point up. Momentum points up. News events that might have disrupted those trends are in the rear view mirror
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Santa Claus rally visits Wall Street on schedule
Good news on consumer spending in November, Apple’s (AAPL) iPhone deal with China Mobile (CHL), and an upgrade on U.S. economic prospects in 2014 from International Monetary Fund managing director Christine Lagarde pretty much guarantee that Santa will visit Wall Street this year. And just about on schedule