Market Direction Weekly Closing Numbers©

Market Direction: BULLISH alert issued 11/10/2016

The economy

U.S. stocks on Friday ended a thinly traded session with slight gains as the “Santa rally” that has taken indexes to repeated records lost steam in the final trading days before the holidays.

However, major indexes posted gains for the week, and while the Dow once again failed to pierce the closely watched milestone of 20,000, the blue-chip gauge logged its seventh consecutive weekly gain. That streak matches its longest weekly run since the period between Oct. 4, 2014 and the first week of December 2014, according to FactSet data.

The market has been in rally mode since the U.S. election, with investors betting that President-elect Donald Trump will advocate for policies — including massive corporate tax cuts and deregulation — that will accelerate growth. The S&P 500 has spiked more than 5% since the election, while the Dow has risen more than 8%.

See: The Dow Jones Industrial Average is the best active fund ever engineered

“The word of the day is ‘holiday,’ which has been settling in as a theme all week,” said Frank Davis, head of sales and trading at LEK Securities in New York. “There has been a slowdown in trading volume and a slowdown in volatility, and we’ve also had a pretty good move since the election, so we’re digesting that move, which is healthy.”

Trading volume has been light this week, with some market participants already out for the Christmas holiday. Markets are closed Monday. It was the second lowest volume day, with 3.98 billion shares changing hands, according to Dow Jones data and a mere 31 million shares exchanged on the SPDR S&P 500 ETF SPY, +0.15% roughly a third of its 89.8 million average over the past 30 sessions.

$tockMarketDirection proprietary model is currently BULLISH. We strongly encourage you to monitor positions closely, exercise proper money management strategies and follow us at $tockMarketDirection for ALERTS we may issue advising a change in the current market direction. Stay tuned and follow us. If you have a testimonial or comment of how this website has helped you we would like to know, write us. Share with a friend.

By the numbers the weekly closing index numbers compared to the initial BULLISH recommendation closing numbers: 

Stock Market Closing Numbers
compared to Recommendation Numbers
	11/10/2016	12/23/2016	Difference
Dow Jones	18,807.88	19,933.81	1,125.93
Nasdaq	5,208.80	5,462.69	253.89
S&P 500	2,167.48	2,263.79	96.31

Register at: http://www.stockmarket-direction.com/