Morning Report Christmas Eve 2015
Christmas Eve has arrived and the market is making Market Matters recent forecasts look very good to date:
1 The SPI futures are predicting the ASX200 will open over 5200 this morning, that's a 300 point (+6%) rally since the 16th of this month - see chart 1.2 Market Matters still believes the ASX 200 will continue to rally to month end.3 The American S&P500 is up 24 points (1.2%) overnight, rallying within 72 points (3.4%) of both its 2015 and all time high - see chart 2.4 Market Matters still believes the S&P 500 will make new all-time highs in coming weeks ~5% higher.
Market Matters remains in sell mode, awaiting for higher prices.
The intention is to keep reports short over the Christmas break, updating the above theme, BUT you can never assume anything with stock markets!*Watch out for alerts over coming weeks.Conclusions:
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