No Santa Claus Rally
A “Santa Claus Rally” is a stock rally at the end of the year, at Christmas and New Year’s Day. Yale Hirsch first described the rally in his Stock Trader’s Almanac. By 1972, Hirsch put the phenomenon to rhyme: “If Santa Claus should fail to call, bears may come to Broad & Wall.”
During the holiday shortened week, the NYSE slipped -1.39% while the NASDAQ pulled back -2.18%.
Since 6/6/08, when the NLX NYSE turned Bearish, the NYSE has sank -39.49%.
Since 12/16/08, when the NLX NASDAQ turned Bullish, the NASDAQ has retreated -3.75%.
NLX NYSE +32
NLX NASDAQ +102
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
Post your comments or email anytime: nlx(no spam)marketcommentary.com
During the holiday shortened week, the NYSE slipped -1.39% while the NASDAQ pulled back -2.18%.
Since 6/6/08, when the NLX NYSE turned Bearish, the NYSE has sank -39.49%.
Since 12/16/08, when the NLX NASDAQ turned Bullish, the NASDAQ has retreated -3.75%.
NLX NYSE +32
NLX NASDAQ +102
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
Post your comments or email anytime: nlx(no spam)marketcommentary.com
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