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Charge to the End: the view from the last full trading week of 2014

As the bull charges into 2015, we're looking at the last full week of trading before the new year is rung in next Wednesday at midnight.

Marc Eisen gives us Chaikin Analytics' view on the week ahead.

"As Marc Chaikin mentions in this week’s Market Insights, two-day surges (like Wednesday-Thursday) tend to generate higher prices in the SPX 1, 3 and 6 months out. Near-term action, however, can be choppy, although we mentioned on Friday that when the NYSE produces two back-to-back breadth readings of 80% positive (or better) the SPX is usually higher one week later (i.e. 12 of the last 15 times). This time may be a bit tougher, however, as every major index (except the DJTA) begins this week dealing with resistance from the early December highs."

Eisen also notes that big-ticket macro news will have an impact in this last week of trading.

"The truncated week is also chock full of macro-news: Monday (Chicago Fed, Existing Home Sales),Tuesday (Durable Goods Orders, third pass at 3Q GDP, University of Michigan Confidence, New Home Sales, Personal Income & Spending and the PCE Deflator, Wednesday (Jobless Claims)."

And you thought dealing with your in-laws was a lot to deal with.

On to 2014, then. Happy Holidays!

Marc Eisen
Analyst, Chaikin Analytics
"As Marc Chaikin mentions in this week’s Market Insights, two-day surges (like Wednesday-Thursday) tend to generate higher prices in the SPX 1, 3 and 6 months out. Near-term action, however, can be choppy, although we mentioned on Friday that when the NYSE produces two back-to-back breadth readings of 80% positive (or better) the SPX is usually higher one week later (i.e. 12 of the last 15 times). This time may be a bit tougher, however, as every major index (except the DJTA) begins this week dealing with resistance from the early December highs."

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