Friday, December 29, 2017

SANTA CLAUS RALLY - 2017

The Santa Claus Rally is said to occur the last 5 trading days of a year plus the first two trading days of the following year.  The Rally has occurred 76% of the time (34 of 45 years) with an average rise of 1.4%.*  The first 5 days of the Santa Claus Rally period were down, and it was going to take a couple of very good days to turn the Santa Claus Rally positive.**  Sure enough, the last two days were very good turning the indices positive, though below average:

The SandP500 closed last Friday at: 2683.34.   It closed today Friday, December 29, at 2673.61.

The DJIA ended last Friday at: 24754.06.  It closed today Friday, December 29, at: 24719.22.

The NASDAQ Composite ended last Friday at: 6995.96.  It closed today Friday, December 29, at. 6903.39

The Russell 2000 (small capitalization companies) ended last Friday at: 1542.93.  It closed today Friday, December 29, at 1535.51

* http://www.businessinsider.com/santa-claus-rally-history-2015-12
** http://stopcontinentaldrift.blogspot.com/2017/12/santa-claus-rally.html

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