A Year Without Santa: What The Technicals Say About A Near-Term Bottom

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By any measure, the “Santa Claus rally” that historically boosts stocks through the end of a calendar year has failed.

There are just a handful of trading sessions left in the Santa Claus rally period, but I still see folks hopefully scanning the horizon in hopes the jolly fat bull might appear… There’s a tendency among some to squawk about a bull market - then lean on the “greater fool” to save them.

But I want to show you what the charts say.

We’ll dig into the technicals of this correction and see if there’s a silver lining. We’ll run through four signs sellers throw off when they’re about to run dry.

Video Length: 00:13:04


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Disclaimer: This article is republished from The Conversation under a Creative Commons license.

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