Ian Woodward's Investing Blog

Stock Market: Santa’s Late Delivery…Better Late than Never!

It’s that time of the year with just four days to Christmas Day, and at long last the Santa Claus Rally seems to be on its way.  But don’t count your chickens before they are hatched, but the last three days have been encouraging:

Late Picture

I have always recommended that one should have three scenarios, “Up, Down and Sideways” and let the Market tell you which one it is on.  We had another “V” Bottom two weeks ago and inside three days this past week we are back up to essentially the old highs.

Late Indexes

The previous Leaders and Glamour stocks I call Canaries are not leading except for FB and LNKD:

Late Canaries

The VIX has fallen back from nearly going into Oscillation, but we are without a reasonable cushion, and the VIX can go either way, though the feel is that it is headed down which is good for the Market:

Late VIX

The concept of looking at the % of stocks in the Top, Middle and Bottom four buckets is proving interesting and we shall see if the pattern of a couple of months ago are repeated again to confirm there may be value in the concept:

Late Buckets

…And here is the sharp fall followed by the quick recovery in a matter of ten trading days…but now what’s next?

Late Pat

Let’s look at the latest set of charts I have introduced you to, to get a flavor of which way the wind is blowing.

Late Bucket 4

Late Decisions

The next three days should give us a clue of which factors rule the roost at a point of indecision such as this is.  Good luck to you all and Happy Holidays to all of you around the globe at this holiday time!  Thank you for your support.

Best Regards,


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Disclaimer: Commentaries on this Blog are not to be construed as recommendations to buy or sell the market and/or specific securites. The consumer of the information is responsible for their own investment decisions.