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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
please read my full Disclaimer at this link.

Dots

...If the dots don't connect, gather more dots until they do...

Dock

Dock

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UPCOMING (MAJOR) ECONOMIC EVENTS...
* Thurs. Aug. 24, Fri. 25 & Sat. 26 ~ Jackson Hole Economic Policy Symposium -- (Fri. @ 10:00 am ET ~ Janet Yellen speaks)
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* Tues. Sept. 19 ~ 2-day FOMC Meeting Begins
* Wed. Sept. 20 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
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* Tues. Oct. 31 ~ 2-day FOMC Meeting Begins
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* Tues. Dec. 12 ~ 2-day FOMC Meeting Begins
* Wed. Dec. 13 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

Friday, December 09, 2016

Tech May Hold Key to Continued Santa Rally

From the close of November 8th to the close of December 9th (today), the Dow 30 Index has gained 1,424.11 points...a gain of 7.77% since the U.S. Presidential election.

Daily Dow 30 Index

Percentages Gained Since U.S. Presidential Election

In the meantime, while the Nasdaq Composite Index has finally broken out and closed at all-time highs, the Nasdaq 100 Index is still stuck in a 1 1/2 year trading range. We'll see if it plays catch-up to break out, and round out, a potential continued Santa rally into the end of this year...and, possibly, signal overall market strength for 2017, as I wrote about in my Market Forecast for 2017 post.

Weekly Nasdaq Composite Index

Weekly Nasdaq 100 Index