Light and Dark

The December solstice occurs at the same moment in time for all of us, everywhere on Earth and this year it will occur today at 10:44 GMT (Universal time) when the Sun reaches its most southerly declination of -23.5 degrees. In other words, when the North Pole is tilted furthest – 23.5 degrees – away from the Sun, delivering the fewest hours of sunlight of the year to those of us living in the Northern Hemisphere.

Market lifts above the slight descending resistance line and out of the triangular holding pattern and now looks prepped for another attempt at new highs. Is that the distant sound of sleigh-bells that I'm hearing …

Chart of S&P 500 for 21 December 2016

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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational & entertainment purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.

 

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