Stock market: 80% probability that the S&P500 equity index ends December higher



Will S&P 500 see a December Santa rally? Watch today’s discussion on the US equity market index with Simon Wajcenberg, CEO at K1T Capital, who is joined by Zak Mir, Technical Analyst at Zak’s traders café, and Mike Ingram, Strategist at BGC Partners.

Markets in flux

Wajcenberg comments on the whipsawing markets, highlighting how the 125 DMA, which they look at, has been moving from positive to negative and back from the past few days.

Monthly returns for the S&P 500: November and December to be positive

Wajcenberg highlights a monthly returns chart for the S&P 500 equity index over the past 65 years, and infers that price teds to rise from January to December, sees weakness in September only to resume an uptrend October onwards, with November and December being the best months in the year.

S&P 500: December Strategy

Using the monthly returns chart, Wajcenberg highlights a December strategy for the equity market index – ‘Invest in US stocks for the month of December only if in the previous the SP500 fell in December.’

Using the above, he sees a 80% probability that the S&P 500 will end higher in December 2015, having sees a small decline in Dec 2014.

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