December 27, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Nice Profits On Tactical Positions

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart shows the market is in the resistance zone.
• RSI on the chart shows that the market is neither overbought nor oversold.
• The chart shows the Santa Claus rally is in full swing.
• Sentiment is extremely positive.  Prudent investors should take note, this is a contrary indicator.  We previously wrote:

As we have been sharing with you, at extremely positive, sentiment is a contrary indicator.