Bears endured Mr. Market’s version of the Chinese water torture yesterday — a steady drip drip drip rally that never allowed them a respite. Through it all, including Monday’s cheesy little short-squeeze in the final hour, it’s hard not to notice that Santa, even with gale-force seasonality helping him, has been unable to achieve anything notable, never mind memorable, this December. By failing to demonstrate any real strength in the last few weeks of 2015, is the stock market hinting of serious weakness yet to surface early in the new year? That’s my take, and we will prepare for it accordingly.
Comments on this entry are closed.
At this point, all the PPT cares about is that stawks finish in the green for 2015. Lord only knows how many stawks are being purchased courtesy of the tax payer in order to achieve that.
The 08/2015 down turn in 3 trading days went though 2 years of pass data like it wasn’t there. This was on record the fastest DOW Theory Primary trend Change ‘ever’, since 1885. The Dow Theory does not give sell or buy signal it just places a market in an upward or downward primary trend.
Bear Markets come by way of Primary trend changes, and we are in one now.
The question that seems to be asked the most had always been answer, but as always seldom do persons response correctly.
Welcome to a new Bear Market, and enjoy the trend.
Merry Christmas to all.