Real Selloff?

Real selloff or we go higher in Santa rally?

 

Hard to take a spot against a strong seasonal.

I am actually waiting for the end of this bull market. But, i think this is just a mild swoon for what has been a premature Santa rally due to the October dip.

Maybe those consecutive days above the 5 day MA, a new record, is the blow off top. That stat is press data mining, though.

I think the top is in when Ninjatrader releases version 8. : )

 

Yes, this is the real thing. Santa is covering his longs. Taking on shorts will occur on the rally that noobies will all pile in.

 

I usually look at the small caps. They have made no new highs for about 6 months. So my guess is that we are done.

 

For monday i think i may go for a slightly long bias since we've had 3 down days in a row.

 

Yet, small caps have not turned down harder than the Dow on this downturn. The market is still anticipating the January effect.

 

Santa Rally is not a 100% statistic.

 

December is the best month by far so the odds are for a rally by year's end.

 

Agree historically, December is the biggest gainer month.

 

Don't forget that when the year ends in 5 the markets are guaranteed to trade higher....