DO IT NOW!

If we’re going to end up with a nice finish to the year, it’s now or never.

The S&P 500 is down a percent from flat-on-year and a bit more from this spring’s all-ime record high. The median stock, unfortunately, is down 15%, meaning the average is hiding lots of pain thanks to the strength in a failry narrow group of large cap growth names.

In my Chart O’ the Day, Jon Krinsky, ace technician at MKM Partners, takes a look at a blended trendline for the back half of December going back 30 years. Krinsky notes that December usually looks a lot like it did this year – a tax-loss selling dip in the first half of the month, with a face-ripping rally into year end as investors seek to get ahead of the January Effect.

Screen Shot 2015-12-16 at 10.05.43 AM

Will 2015 follow the script?

If so, today’s long anticipated Fed statement could be the catalyst. If they’re going to do it, do it now!

Source:

Short-Term Bounce Possible, But Bigger Picture Remains Bearish
MKM Partners – December 13th, 2015

Follow Jon on Twitter here

What's been said:

Discussions found on the web
  1. liquid spice commented on Sep 14

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2015/12/16/do-it-now/ […]