Submit your outlook for 2017

US equity indexes closed broadly lower, sp -18pts @ 2249. The two leaders - Trans/R2K, both settled lower by -1.2%. VIX settled higher by 8.0% @ 12.95. Near term outlook offers further weakness to sp'2232/31, where there are multiple aspects of support.


sp'daily5

VIX'daily3

Summary

Ohh the humanity! US equity indexes almost closed significantly lower today.

Seriously... some weakness was due, and we're seeing a little of it. With just two trading days left of the year, there are clearly some 'end year' trading issues, not least within the giant pension funds which are due some re-balancing.

VIX is reflecting a touch of market concern. At best though, if sp'2230s... VIX 14s. The key 20 threshold looks out of range for at least another month.
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Looking ahead to 2017

Its that time of year again... where I'd like to hear YOUR outlook for the year ahead.

Primarily... what is your end 2017 target for the sp'500 ?

Secondary: ANY other issues you'd like to raise.. whether equity indexes or individual stocks, GDP, jobs, inflation, oil, gold/silver/copper, bonds. You can even highlight anything socio-political.


Recently... CBNC highlighted...

I remain inclined to broad upside for next year. Frankly, the 2400/500s seem a realistic target by next summer. I'll only turn provisonally bearish if we see a monthly close under the 10MA, and that will be in the 2200s by next spring. I'll post my outlook in early Jan', and its likely to be somewhere around 2700/800.

So.. what is YOUR outlook?

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For those curious.. here are last years submissions: http://permabeardoomster.blogspot.co.uk/2016/01/the-outlook-for-2016.html    I will post a review of those... in early January.
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I'm not sure when I'll post your submissions up - along with my own, perhaps not until the weekend of Jan' 7/8.

In any case, I hope to hear from some of you out there. Submissions, preferably by end of this weekend please.

Goodnight from London

Sunset on an old hope

US equity indexes closed a little higher, sp +5pts @ 2268. The two leaders - Trans/R2K, settled higher by 0.1% and 0.4% respectively. VIX settled higher by 4.8% @ 11.99. Near term outlook offers little to the equity bears, as even a retrace to the 2240/30s looks difficult.


sp'daily5

VIX'daily3

Summary

The short four day week began on a moderately positive note, and it was more than enough to generate another pair of new historic highs in the Dow (19980) and Nasdaq comp' (5512).

Underlying MACD (blue bar histogram) for the sp'500 continues to tick lower. Its a case of the market consolidating sideways.. whilst short term momentum cycles partly reset from overbought.

VIX managed a notable third consecutive net daily gain, although the black-fail candle doesn't bode well for the volatility bulls. The 13/14s seem probable before year end.
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As for hope...

Another part of the 80s has left this world...



Princess Leia's theme was always one of my favourites from the master that is Williams.
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Goodnight from London

Merry Christmas

Merry Christmas to my readers across the world.

Whether its your favourite, or most stressful time of year...

Merry Christmas from London.
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If there is one movie I'd recommend, and its not one that is particularly well known...

'Krampus', from 2015.

There are many recent versions of 'Krampus', look for the one with actress Toni Collette. Its an almost perfect movie... one that even those who are anti-Christmas should like.

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*the next post on this page will likely appear Tuesday Dec'27th @ 7pm EST.

**I will be seeking YOUR outlook for 2017 next week...  and will do a review of last year's outlook (both from yours truly.. but also some of your submissions).. in early January.