Perhaps a 'Santa Rally' is just one step away to begin this year
Updated
Stock markets often enjoy a seasonal share boost during the festive period.
It's been an unpredictable year for stock markets after gloomy 2022 but all we are, traders, investors, TradingViewers are hoping for a successful end-of-year boost in the form of a so-called Santa rally.
Shares have delivered a mixed performance so far in 2023, amid SVB crisis, high inflation and interest rate hikes, so while children are compiling their Christmas lists, traders also want some sweet candies.
Traditionally, festive cheer and holiday household spending make the markets more optimistic during the holiday season, boosting investor portfolios.
But will 2023 follow the trend?
The "Santa rally", a term coined in 1972 by Yale Hirsch, the founder of the Stock Trader’s Almanac, "describes a tendency for the stock market to go up by 1% to 2%" over final five trading days of the outgoing year and the first two of the new one, said Forbes Advisor.
This period has "historically" shown higher stock prices in the S&P 500
SPX 79.2% of the time, says Investopedia.
What drives the Santa rally?
Reasons for the Santa rally are vary and one explanation is the cheery "end of year mood" that means investors are in more of a "buying temperament" rather than selling shares, which pushes up stock prices
Will there be a Santa rally this year?
Probably, Yes. November "capped off the best three months" for global shares since the pandemic stock market recovery in 2020, so there are a lot of hopes that stars will align, and momentum in the markets, helped by declining U.S. Treasuries rate, will push prices higher in the run-up to Christmas.
Sure, there is "no guarantee", though. Sometimes it happens. Sometimes not.
The odds of a Santa rally may be in your favor, but the "best option" (author's opinion) is to do nothing, remain invested and be "pleasantly surprised" by another strong month by the new year.
The main technical graph for SPDR S&P500 ETF Trust
SPY says that we right now somewhere around 460 U.S. dollars per share (relevant to 4'600 points for SPX Index), and just one step to break it out to reach SPX 5'000 Milestone by the end of the year.
Just follow the major upside trend, that's been taken from Q4'22. And that is all.
Merry Christmas y'all, TradingViewers! See you in a Happy New 2024 Year! 💖💖
It's been an unpredictable year for stock markets after gloomy 2022 but all we are, traders, investors, TradingViewers are hoping for a successful end-of-year boost in the form of a so-called Santa rally.
Shares have delivered a mixed performance so far in 2023, amid SVB crisis, high inflation and interest rate hikes, so while children are compiling their Christmas lists, traders also want some sweet candies.
Traditionally, festive cheer and holiday household spending make the markets more optimistic during the holiday season, boosting investor portfolios.
But will 2023 follow the trend?
The "Santa rally", a term coined in 1972 by Yale Hirsch, the founder of the Stock Trader’s Almanac, "describes a tendency for the stock market to go up by 1% to 2%" over final five trading days of the outgoing year and the first two of the new one, said Forbes Advisor.
This period has "historically" shown higher stock prices in the S&P 500
SPX 79.2% of the time, says Investopedia.What drives the Santa rally?
Reasons for the Santa rally are vary and one explanation is the cheery "end of year mood" that means investors are in more of a "buying temperament" rather than selling shares, which pushes up stock prices
Will there be a Santa rally this year?
Probably, Yes. November "capped off the best three months" for global shares since the pandemic stock market recovery in 2020, so there are a lot of hopes that stars will align, and momentum in the markets, helped by declining U.S. Treasuries rate, will push prices higher in the run-up to Christmas.
Sure, there is "no guarantee", though. Sometimes it happens. Sometimes not.
The odds of a Santa rally may be in your favor, but the "best option" (author's opinion) is to do nothing, remain invested and be "pleasantly surprised" by another strong month by the new year.
The main technical graph for SPDR S&P500 ETF Trust
SPY says that we right now somewhere around 460 U.S. dollars per share (relevant to 4'600 points for SPX Index), and just one step to break it out to reach SPX 5'000 Milestone by the end of the year.Just follow the major upside trend, that's been taken from Q4'22. And that is all.
Merry Christmas y'all, TradingViewers! See you in a Happy New 2024 Year! 💖💖
Trade active
Dec 08, 2023ARE YOU READY!?
Trade active
Dec 13, 2023S&P500 Index as well as SPDR S&P500 ETF Trust
SPY just set new 2023 high (breaks 52-Weeks highs). Santa Packs Are Coming..
Santa Packs Are Coming..
Watch out
Look around
Something's coming
Coming to your town
Dooh dooh dooh dooh dooh dooh dooh ...
Bada dada dada dada dada 😅
Trade active
Dec 14, 2023Something magic
In the night
Can't you see it
Shining bright
Dooh dooh dooh dooh dooh dooh dooh ...
Bada dada dada dada dada dada 😂
Trade active
Dec 15, 2023Dividends Are Coming..
Dividends Are Coming..
Dooh dooh dooh dooh dooh dooh dooh ...
Bada dada dada dada dada dada 🤑
Trade active
Dec 19, 2023🎅 U.S. stock market gains for 9 (NINE) consecutive days in a row since the idea was published on December 6, 2023.
🎅 No doubts, this is the longest Bullish series over many years, or even decades.. Heck, I don't know even for what period of time this is the longest upside stripe.
🎅 This publication was not elected as a Editor's Picks on Int'l version of TradingView (I wished), but on Russian only. Anyway, as for me.. this is the greatest publication over millions.
Trade active
Dec 22, 2023🎅 JUST 5 TRADING SESSIONS REMAIN UNTIL 2024.
🎅 WELL, LET'S THE SANTA RALLY BEGIN!
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Dec 26, 2023👉 3 Days To Go
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Dec 27, 2023👉 Two Days Left until 2024, and
SPY is just 5 percent below its five hundred dollar Rubicon.👉 The Question is 5 percent gain - is it possible for
SPY just in 2 days, or not.👉 The Answer is Yes, it is possible. It has happened already with SPY several (eight) times over the past 5 years.
Trade active
Dec 29, 2023Financial markets are at the finish line in 2023.
And whatever the numbers at the “Closing bell”, on your monitors and in your portfolios, there is no doubt that 2023 year’s Santa Rally will go down in history as one of the most outstanding in many years.
The US market is rallying for the 9th consecutive week in a row - and this is the longest ever upside streak in
SPX over the past 20 years, since the fourth quarter of 2003.✨❄️🌟🎅🎊🌲💫⛄️🌠
Merry Christmas and a Happy New Year!
Order cancelled
Jan 2, 2024Santa's Hangover 🙄
Note
Jan 19, 2024Finally, its happened.
S&P 500 index as well as SPY just hit new historical highs.
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