Per a reader request, below is the chart from the previous Santa Rally post, but it has been updated to include the rest of December 2011 SPY history.
Compared to the SPY December average, this year’s Santa Rally developed a day earlier but peaked at the same day (day 18) as usual. For future reference, day 18 is the first day the market opens after Christmas.
The Santa Rally is truly a wonderful gift of seasonality. This year’s rally added better than 4% to the SPY, putting it near breakeven for the year.
Great stuff Woodshedder! This reader thanks you kindly.
Have a great new year.
No problem Bullish. Happy New Year to you as well!
Thanks Wood. Happy New Year.
Always enjoy the technicals…..Happy New Year!