On Friday the popular averages continued to the upside. The Dow Jones Industrial Average, Nasdaq Composite, S&P 500 and Russell 2000 again attained all-time intraday and closing highs.


   Consumer prices barely rose in December. Retail sales improved in December. After the upcoming three-day weekend, fourth quarter corporate earnings reports will start flooding the financial news. Meanwhile the prices of crude oil and gold rose on Friday.


   Above is my 3-month chart of the S&P 500 exchange traded fund (SPY). The SPY’s hop above its 50-day moving average on August 27 restored all of my outlook arrows to green followed by only a few days of short term caution. November began what is normally the market’s best performing grouping of six successive calendar months.


   The recent parade of record SPY highs has been encouraging, including the all-time intraday and closing highs on Friday. There’s no sign that the hunger for stocks has abated. Many investors have remained on the sidelines, but they may soon join the party due to FOMO (Fear Of Missing Out). Once they have feasted, that could put in place a market top.

Updated following  each market day

Tell your friends

Market Outlook

3 Months

1 Month

1 Week

Stock Holdings


       TSLA                                             

Clear browsing data if outdated graphics appear


© Curt Renz

  Stock Market Update

Click for the Tesla website


August 16, 1994


H&R Block Free Edition

DISCLAIMER: Our commentaries are provided as general information and not investment recommendations. You are responsible for your own investment decisions. Our opinions are based on historical research and data believed to be reliable. There is no guarantee that results will be profitable. We are not responsible for errors or omissions. We may hold positions in vehicles that are mentioned.

Buy Now! SilverGoldBull.com

You appear to be ad-blocking our site. Our site is best experienced with ad-blocking disabled. This can be done for this site while continuing to ad-block other sites. Your support for this site is much appreciated.