Tuesday, December 29, 2015

Market Timing Update (12/29/15)

[EOD] Stocks -
The Santa Rally continues (see the last two weekend commentaries). The rally has been impressive in terms of its magnitude, but less so in terms of participation (Chart 1). In addition, price patterns suggest a potential pullback and gap fill (Chart 2). A retest of 2010/2020 looks likely (Chart 3).
[10am] SPX update -
Squiggles, see chart.




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