The popular averages closed narrowly mixed on Friday. Non-farm payrolls grew less than expected in November, while the unemployment rate unexpectedly declined. Meanwhile the prices of crude oil and gold rose on Friday.

   Above is my 3-month chart of the S&P 500. After setting record highs in August came a huge drop on September 9 through the 50-day moving average amid heavy trading volume. The rebound the next day saw no follow-through as the SPY meandered for a couple of months before taking a dive from late October into early November in apparent fear of a Trump presidency. Then it recovered virtually all of that during the first four days of election week including the day after Mr. Trump’s election. The 200-day moving average provided support on November 4, then the 50-day MA was surpassed on November 9.

   Every trading day last week the SPY attained another all-time closing high. We are still early in the half-year period that is normally the strongest for the stock market. All of my outlook arrows remain green as the technical signs are still promising.

Updated following  each market day

Tell your friends

Market Outlook

3 Months

1 Month

1 Week

Stock Holdings


NOTE: Refresh/Reload the webpage, if outdated graphics appear.

Click for the Tesla website

© Curt Renz

  Stock Market Update

Buy Gold And Silver Coins Online

DISCLAIMER: Our commentaries are provided as general information and not investment recommendations. You are responsible for your own investment decisions. Our opinions are based on historical research and data believed to be reliable. There is no guarantee that results will be profitable. We are not responsible for errors or omissions. We may hold positions in vehicles that are mentioned.

H&R Block Free Edition

Click the Coin to see   our Financial Book   Recommendations