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.
Let’s take a look…