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On Friday the popular averages again finished to the upside. The Dow Jones Industrial Average, Nasdaq Composite and S&P 500 again attained all-time intraday and closing highs. This amid increased trading volume as LEAPS options expired before a three-day weekend. Home construction in December ramped up at the highest rate since 2006.

   Above is my three-month chart for the S&P 500 ETF (SPY). The price commenced an extended rise on October 9 that continued until a dip after Thanksgiving. That was quickly followed by a Santa Claus rally that has continued into the new year, leading again to all-time intraday and closing highs for the SPY on Friday.

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       None                     TSLA                                     

© Curt Renz

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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.

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