MLR - PMP 12/26/13
Major averages were slightly higher on light, half-trading day, holiday volume. The uptrend continues potentially into the New Year as seasonal strength between Christmas and New Year's is often the tradition. Of course, there are exceptions such as last year when the general markets were weak because of the uncertainty that the Fed would continue quantitative easing.
Futures are slightly higher with the jobless claims number which dropped by the most in more than a year in the latest week. A stronger economy that is not too strong perhaps is a Goldilocks scenario for the markets these days- not so strong that the Fed will end their prolonged period of low rates, but not so weak as to scare the markets into thinking the Fed has exhausted its supply of tricks and manipulations.
This information is provided by Virtue of Selfish Investing, LLC (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2016 Virtue of Selfish Investing, LLC. All rights reserved.