The Santa Claus Rally - S & P 500 Index (1484)

On November 27th I posted a Blog to say that I wanted to see a Santa Claus Rally, with the S & P Index then at 1407. Now I can report that in a modest way, I got my wish.

On the short term, I hope we push on higher, but my thousands of readers already know that I have said that the S & P 500 Index all-time year 2000 high (1552.85) is a formidable resistance barrier. Nothing has changed. It’s still there, like a big brick wall.

Merry Christmas. Ho Ho Ho